Barclays to price trigger phoenix autocallables linked to Boeing

By Toni Weeks

San Diego, Oct. 10 - Barclays Bank plc plans to price 0% trigger phoenix autocallable optimization securities due Oct. 18, 2017 linked to the common stock of Boeing Co., according to an FWP filing with the Securities and Exchange Commission.

If Boeing shares close at or above the trigger price - 70% of the initial share price - on any monthly observation date, the issuer will pay a contingent coupon of 6.25% to 8.25%. Otherwise, no coupon will be paid for that month. The exact coupon will be set at pricing.

If the stock closes at or above the initial price on any observation date after one year, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called and the shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Investors will be exposed to any losses.

The notes (Cusip: 06742A644) are expected to price Oct. 12 and settle Oct. 17.

Barclays and UBS Financial Services Inc. are the agents.

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