Barclays plans three-year annual autocallable notes on Russell 2000

By Susanna Moon

Chicago, Dec. 2 - Barclays Bank plc plans to price 0% annual autocallable notes due December 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call return of 17% to 20% if the index closes at or above the initial level on any yearly call date in December.

The payout at maturity will be par if the index finishes at or above 70% of the initial level.

Otherwise, investors will be exposed to any losses from the initial level.

The notes are expected to price and settle in December.

Barclays Capital Inc. is the agent.

The Cusip number is 06738KC33.

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