Barclays plans 6.3%-8.3% airbag autocallables tied to Bank of America

By Marisa Wong

Morgantown, W.Va., Nov. 3 – Barclays Bank plc plans to price 6.3% to 8.3% airbag autocallable yield notes due Nov. 15, 2017 linked to Bank of America Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly, with the exact rate to be set at pricing.

The notes will be called at par if Bank of America shares close at or above the initial share price on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Bank of America shares equal to $1,000 divided by the conversion price. The conversion price will be 90% of the initial share price.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price Nov. 4.

The Cusip number is 06744M687.

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