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

By Toni Weeks

San Luis Obispo, Calif., March 17 - Barclays Bank plc plans to price 0% annual autocallable notes due March 23, 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 13.2% if each index closes at or above its call level on any of three annual call valuation dates. The call levels will be 100% of the initial levels on the first call valuation date, 95% of the initial levels on the second call valuation date and 90% of the initial levels on the final call valuation date.

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 actual terms will be set at pricing.

The notes (Cusip: 06741UAK0) are expected to price March 18 and settle March 21.

Barclays is the agent.

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