Barclays plans callable contingent coupon notes linked to Facebook

By Jennifer Chiou

New York, Feb. 4 – Barclays Bank plc plans to price callable contingent coupon notes due Feb. 9, 2017 linked to Facebook, Inc. class A shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 9.75% if Facebook shares close above the 70% barrier level on the valuation date for that quarter.

The notes are callable at par plus the contingent coupon on any interest payment date.

The payout at maturity will be par unless Facebook shares finish below the 70% barrier level, in which case investors will be fully exposed to any losses.

The notes (Cusip: 06741JZ44) will price on Feb. 6 and settle on Feb. 11.

Barclays is the agent.

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