Barclays to price 9.2% autocallable reverse convertibles tied to Ford

By Toni Weeks

San Luis Obispo, Calif., Oct. 23 - Barclays Bank plc plans to price 9.2% autocallable reverse convertible notes due Nov 13, 2014 linked to the common stock of Ford Motor Co., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The notes will be automatically called at par if Ford shares close at or above the initial share price on Feb. 6, 2014, May 8, 2014 or Aug. 7, 2014.

If the notes are not called, the payout at maturity will be par unless the final share price is less than the 80% barrier price, in which case the payout will be par plus the stock return, with full exposure to losses.

The final share price will be the average of the closing prices on five trading days ending Nov. 7, 2014.

Barclays is the agent.

The notes will price Oct. 25 and settle Oct. 30.

The Cusip number is 06741TU70.

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