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

By Tali Rackner

Norfolk, Va., Nov. 3 – Barclays Bank plc plans to price 0% annual autocallable notes due Nov. 25, 2019 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a premium if each index closes at or above its call level on any of four annual call valuation dates. For each index, the call premium will be 11.5% to 12.5% on the first call valuation date, 23% to 25% on the second call valuation date, 34.5% to 37.5% on the third date and 46% to 50% on the final date. The exact premiums will be set at pricing.

If the notes are not called and the final level of the lesser-performing index is greater than or equal to its barrier level, 70% of its initial level, the payout at maturity will be par plus 10%.

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 Nov. 20 and settle Nov. 30.

The Cusip number is 06741UR55.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.