Barclays plans phoenix autocallable notes linked to Vipshop

By Marisa Wong

Madison, Wis., Feb. 11 – Barclays Bank plc plans to price phoenix autocallable notes due Feb. 17, 2016 linked to the American Depositary Shares of Vipshop Holdings Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 15% if the stock closes at or above the coupon barrier, 58% of the initial share price, on the observation date for that month.

The notes will be called at par if Vipshop shares close at or above the initial share price on any monthly observation date beginning on April 13.

The payout at maturity will be par unless the stock finishes below the 58% knock-in barrier, in which case investors will be fully exposed to any losses.

Barclays is the underwriter.

The notes will price on Feb. 11 and settle on Feb. 17.

The Cusip number is 06741WAC4.

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