Barclays plans 8.4%-9.4% airbag autocallables tied to Ally Financial

By Susanna Moon

Chicago, July 20 – Barclays Bank plc plans to price 8.4% to 9.4% airbag autocallable yield notes due July 30, 2018 linked to Ally Financial Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

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

The notes will be called at par if the stock closes at or above its initial level 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 Ally Financial shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on July 21.

The Cusip number is 06746L794.

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