Barclays plans 7.2%-8.2% autocallable yield notes tied to index, fund

By Susanna Moon

Chicago, Jan. 30 - Barclays Bank plc plans to price 7.2% to 8.2% autocallable yield notes due Feb. 29, 2016 linked to the iShares China Large-Cap exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly, with the exact rate to be set at pricing.

The notes will be called at par plus accrued interest if each component closes at or above its initial level on any annual call valuation date.

The payout at maturity will be par unless either component ever closes below the knock-in level, 70% of the initial price, during the live of the notes and finishes below the initial level, in which case the payout will be par plus the return of the worse performing component.

Barclays is the agent.

The notes will price on Feb. 24 and settle on Feb. 27.

The Cusip number is 06741T5B9.

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