Barclays to price phoenix autocallable notes linked to Boeing

By Marisa Wong

Madison, Wis., March 25 - Barclays Bank plc plans to price phoenix autocallable notes due April 15, 2015 linked to Boeing Co. shares, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.25% if Boeing stock closes at or above the barrier price, 80% of the initial share price, on the 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 Boeing shares finish at or above the 80% 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 placement agents.

The notes are expected to price March 28 and settle April 2.

The Cusip number is 06741UAX2.

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