Barclays to price Accelerated Return Notes linked to Facebook stock

By Angela McDaniels

Tacoma, Wash., May 30 - Barclays Bank plc plans to price 0% Accelerated Return Notes due July 2014 linked to the common stock of Facebook, Inc., according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any increase in the stock, subject to a maximum return of 26% to 30% that will be set at pricing. Investors will be fully exposed to any decline in the stock.

BofA Merrill Lynch is the agent.

The notes are expected to price and settle in June.

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