Barclays plans to price one-year phoenix autocallables linked to HCA

By Marisa Wong

Madison, Wis., June 4 - Barclays Bank plc plans to price phoenix autocallable notes due June 25, 2014 linked to HCA Holdings, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 10% if HCA Holdings stock closes at or above the 70% coupon barrier for that quarter.

If the shares close at or above the initial price on any quarterly observation date, the notes will be called at par plus the contingent coupon.

The payout at maturity will be par plus the contingent coupon unless HCA Holdings shares finish below the 70% trigger level, in which case investors will be fully exposed to losses.

Barclays is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

The notes (Cusip: 06741TXC6) will price June 7 and settle June 12.

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