Barclays plans callable contingent coupon notes linked to Ford

By Marisa Wong

Madison, Wis., Jan. 10 - Barclays Bank plc plans to price callable contingent coupon notes due Jan. 19, 2016 linked to the common stock of Ford Motor Co., 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% if Ford shares close at or above the 75% barrier level on the valuation date for that quarter. The exact contingent quarterly coupon will be set at pricing.

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

If the notes are not called and the final share price is greater than or equal to the 75% knock-in barrier level, the payout at maturity will be par.

Otherwise, investors will be exposed to any losses or, at Barclays' option, they will receive a number of Ford shares equal to $1,000 divided by the initial share price.

Barclays is the agent.

The notes will price on Jan. 13 and settle on Jan. 16.

The Cusip number is 06741J5Z8.

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