Barclays plans annual autocallables due 2016 tied to two iShares ETFs

By Toni Weeks

San Luis Obispo, Calif., Feb. 1 - Barclays Bank plc plans to price 0% annual autocallable notes due March 1, 2016 linked to the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized premium of 10.4% to 12.4% if the fund closes at or above the initial level on any annual call date.

If the notes are not called and the shares finish at or above the 75% trigger level, the payout at maturity will be par.

Otherwise, investors will receive par plus the return with full exposure to any losses.

Barclays is the agent.

The notes will price Feb. 25 and settle Feb. 28.

The Cusip number is 06741TNM5.

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