Barclays plans 9% autocallable reverse convertibles linked to Facebook

By Susanna Moon

Chicago, Jan. 8 - Barclays Bank plc plans to price 9% autocallable reverse convertible notes due Dec. 3, 2014 linked to Facebook, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The notes will be called at par if Facebook shares close at or above the initial share price on any quarterly call date.

If the notes are not called, the payout at maturity will be par unless the final share price is less than the 65% barrier level, in which case the payout will be par plus the stock return, with full exposure to losses.

Barclays is the agent.

The notes will price on Jan. 17 and settle on Jan. 23.

The Cusip number is 06741J5Y1.

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