Barclays to price trigger phoenix autocallables linked to Ford stock

By Jennifer Chiou

New York, May 22 - Barclays Bank plc plans to price trigger phoenix autocallable optimization securities due May 31, 2018 linked to the common stock of Ford Motor Co., according to an FWP with the Securities and Exchange Commission.

If Ford stock closes at or above the coupon barrier - 67% to 72% of the initial share price - on a monthly observation date, the issuer will pay a contingent coupon for that month at an annualized rate of 7.5%. Otherwise, no coupon will be paid that month.

If the shares close at or above the initial price on a monthly observation date after one year, the notes will be called at par plus the contingent coupon.

If the notes are not called and Ford shares finish at or above the 67% to 72% 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.

The exact coupon barrier and trigger price will be set at pricing.

The notes (Cusip: 06742D507) are expected to price on May 29 and settle on May 31.

UBS Financial Services Inc. and Barclays are the underwriters.

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