Barclays plans to price autocallables linked to two funds, one index

By Devika Patel

Knoxville, Tenn., Jan. 8 – Barclays Bank plc plans to price 0% autocallable notes due Oct. 13, 2021 linked to the lesser performing of the Financial Select Sector SPDR fund, the Technology Select Sector SPDR fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Beginning July 9, 2018, the notes will be automatically called at par plus a call premium of 10.8% per year or 2.7% per quarter if each underlying closes at or above its initial level on any quarterly call valuation date.

If the notes are not called and the final level of the lesser-performing underlying is at least 70% of its initial level, the payout at maturity will be par plus 10%. Otherwise, investors will lose 1% for each 1% decline of the underlying from its initial level.

Barclays is the agent.

The notes (Cusip: 06744CRR4) will price on Jan. 9 and settle on Jan. 12.

© 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.