Barclays plans to price autocallable review notes linked to palladium

By Angela McDaniels

Tacoma, Wash., Nov. 20 - Barclays Bank plc plans to price 0% autocallable review notes due Dec. 9, 2014 linked to palladium, according to an FWP filing with the Securities and Exchange Commission.

On any review date, if the average of the settlement price of palladium on each of the five averaging dates applicable to that review date is greater than or equal to the call level, the notes will be automatically called at par plus the call premium. The call level is 97.5% of the initial price.

The call premium will be 1% if the notes are called Feb. 4, 2014, 2% if they are called April 2, 2014, 3% if they are called June 2, 2014, 4% if they are called July 31, 2014, 5% if they are called Oct. 1, 2014 or 6% if they are called Dec. 4, 2014.

If the notes are not called and the palladium return is greater than or equal to negative 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the final price has declined from the initial price.

The final price will be the average of the average of the settlement price of palladium on each of the five averaging dates ending Dec. 4, 2014.

JPMorgan Chase Bank, NA and JPMorgan Securities LLC are the agents.

The notes will price Nov. 21 and settle Nov. 26.

The Cusip number is 06741TZ83.

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