Barclays plans callable contingent coupon notes tied to Deutsche Bank

By Susanna Moon

Chicago, Dec. 10 - Barclays Bank plc plans to price callable contingent coupon notes due December 2015 linked to Deutsche Bank Aktiengesellschaft shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if Deutsche Bank shares close at or above the 70% barrier level on the valuation date for that quarter. The exact contingent quarterly coupon will be set at pricing.

The notes are callable at par plus the contingent coupon on any interest payment date after one year.

If the notes are not called and the final share price is greater than or equal to the 70% knock-in barrier level, the payout at maturity will be par.

Otherwise, investors will be exposed to any losses or, at Barclays' option, they will receive a number of Deutsche Bank shares equal to $1,000 divided by the initial share price.

Barclays is the agent.

The notes will price and settle in December.

The Cusip number is 06741J5Q8.

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