Barclays plans annual autocallables linked to Euro Stoxx 50, S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 14 – Barclays Bank plc plans to price 0% annual autocallable notes due Sept. 28, 2018 linked to the lesser performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a premium of 13.5% per year if each index closes at or above the applicable call level on any of three annual call valuation dates. The call level will be equal to the initial level for the first call date and 90% of the initial level for the other two dates.

If the notes are not called and the final level of the lesser-performing index is greater than or equal to its barrier level, 75% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the lesser-performing index from its initial level.

Barclays is the agent.

The notes will price Sept. 25 and settle Sept. 30.

The Cusip number is 06741UK78.

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