Barclays to price contingent income autocallables on three indexes

By Wendy Van Sickle

Columbus, Ohio, March 16 – Barclays Bank plc plans to price contingent income autocallable securities due April 2, 2020 linked to the worst performing of the Nikkei 225 index, FTSE 100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent payment at an annual rate of 9.5% if each index closes at or above its downside threshold level, 75% of its initial index level, on the observation date that quarter.

The notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date other than the final date.

If each index finishes at or above its 75% downside threshold level, the payout at maturity will be par plus the final contingent coupon.

Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.

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

The notes will price on March 29.

The Cusip number is 22550WK55.

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