Barclays plans callable contingent coupon notes linked to Deutsche Bank

By Susanna Moon

Chicago, Dec. 5 - Barclays Bank plc plans to price callable contingent coupon notes due Dec. 11, 2014 linked to Deutsche Bank AG shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a coupon at an annualized rate of 15% for each quarter that the closing price of Deutsche Bank shares is at or above the barrier level, which will be 57% to 62% of the initial level with the exact percentage to be set at pricing.

The notes are callable at par plus the contingent coupon on any of the quarterly contingent coupon payment dates.

If the notes are not called, the payout at maturity will be par if stock finishes at or above the barrier level.

Otherwise, investors will be exposed to any losses.

Barclays is the agent.

The notes will price on Dec. 7 and settle on Dec. 12.

The Cusip number is 06741JVJ5.

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