Barclays pushes up pricing contingent income autocallables on Amazon

By Susanna Moon

Chicago, Jan. 18 - Barclays Bank plc amended the terms of the contingent income autocallable securities linked to the common stock of Amazon.com, Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will now price on Jan. 25 and settle on Jan. 30, pushed up from Jan. 30 and Feb. 4., respectively. The notes are now due Jan. 28, 2016, pushed up from Feb. 4, 2016.

If Amazon stock closes at or above the 70% downside threshold level on a quarterly determination date, the notes will pay a contingent payment of 2.25% to 2.75%. The exact contingent payment will be set at pricing.

If the stock closes at or above the initial price on any of the first 11 quarterly determination dates, the notes will be redeemed at par plus the contingent payment.

If the notes are not called, the payout at maturity will be par plus the contingent payment unless the final share price is less than the downside threshold price, in which case the payout will be a number of Amazon shares equal to $10 divided by the initial share price or, at the issuer's option, the cash equivalent.

Barclays is the agent with Morgan Stanley Smith Barney LLC as dealer.

The Cusip number is 06742A172.

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