Barclays plans one-year phoenix autocallable notes linked to Aetna

By Susanna Moon

Chicago, Oct. 23 - Barclays Bank plc plans to price phoenix autocallable notes due Nov. 13, 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 11.75% if Aetna stock closes at or above the 80% barrier level on an observation date for that quarter.

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

If the notes are not called and Aetna shares finish at or above the barrier level, 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 the placement agents.

The notes will price on Oct. 25 and settle on Oct. 30.

The Cusip number is 06741TU54.

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