Barclays to price trigger phoenix autocallables linked to Facebook

By Marisa Wong

Madison, Wis., Sept. 4 – Barclays Bank plc plans to price trigger phoenix autocallable optimization securities due Sept. 11, 2019 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If Facebook stock closes at or above the trigger price – 63% to 68% of the initial share price – on a monthly observation date, the issuer will pay a contingent coupon for that month at the rate of 8%. Otherwise, no coupon will be paid that month.

If the shares close at or above the initial price on a monthly observation date beginning Sept. 8, 2015, the notes will be called at par plus the contingent coupon.

If the notes are not called and Facebook shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline from the initial price.

Barclays and UBS Financial Services Inc. are the agents.

The notes will price on Sept. 5 and settle on Sept. 10.

The Cusip number is 06740D806.

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