Barclays to price annual autocallables on Hang Seng China, MSCI Taiwan

By Marisa Wong

Madison, Wis., Feb. 21 - Barclays Bank plc plans to price 0% annual autocallable notes due March 2, 2017 linked to the performance of the Hang Seng China Enterprises index and the MSCI Taiwan index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized call price of at least 13% if each index closes at or above its respective call level on any of three annual call valuation dates. The call level for the first valuation date is equal to the initial level, the call level for the second valuation date is equal to 95% of the initial level, and the call level for the final valuation date is equal to 90% of the initial level. The actual call price will be set at pricing.

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

The notes (Cusip: 06741T6K8) are expected to price Feb. 26 and settle Feb. 28.

Barclays is the agent.

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