Barclays plans contingent income autocallable notes tied to Facebook

By Susanna Moon

Chicago, Jan. 23 – Barclays Bank plc plans to price contingent income autocallable securities due Jan. 30, 2020 linked to the class A common stock of Facebook, Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent coupon each quarter at an annualized rate of at least 9% if the shares close at or above the downside threshold level, 80% of the initial price, on the determination date for that quarter.

The notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial price on any determination date other than the final date.

The payout at maturity will be par plus the final contingent coupon unless the stock finishes below the 80% downside threshold, in which case investors will be fully exposed to any losses.

Barclays is the agent. Morgan Stanley Wealth Management is a dealer.

The notes will price on Jan. 27 and settle on Feb. 1.

The Cusip number is 06744M331.

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