Barclays plans to price phoenix autocallable notes tied to Aetna

By Marisa Wong

Madison, Wis., Oct. 2 - Barclays Bank plc plans to price phoenix autocallable notes due Oct. 22, 2014 linked to Aetna, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 12% if Aetna stock closes at or above the 80% barrier level on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if Aetna shares close at or above the initial share price on any quarterly observation date.

If the notes are not called and Aetna shares finish at or above the barrier, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to any losses.

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

The notes will price on Oct. 4 and settle on Oct. 9.

The Cusip number is 06741TR33.

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