Barclays plans to price phoenix autocallables linked to Facebook

By Wendy Van Sickle

Columbus, Ohio, June 8 – Barclays Bank plc plans to price phoenix autocallable notes due June 14, 2018 linked to Facebook, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.65% if the shares close at or above the coupon barrier price, 75% of the initial share price, on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above the initial price on any observation date other than the final date.

The payout at maturity will be par plus the contingent coupon unless the stock finishes below the 75% barrier level, in which case investors will receive par plus the stock return.

Barclays is the agent.

The notes will price on June 10.

The Cusip number is 06741V5A6.

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