Barclays plans annual autocallables linked to Hang Seng, MSCI Taiwan

By Angela McDaniels

Tacoma, Wash., July 25 – Barclays Bank plc plans to price 0% annual autocallable notes due Aug. 3, 2017 linked to the Hang Seng 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 a call price – which is expected to be at least 10.25% per year and will be set at pricing – if each index closes at or above its call value on any of three annual call valuation dates. For each index, the call level is 100% of the initial level on the first call valuation date, 95% of the initial level on the second call valuation date and 90% of the initial level on the third call valuation date.

If the notes are not called and the final level of each index is greater than or equal to its barrier level, 80% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the lesser-performing index from its initial level.

Barclays is the agent.

The notes will price July 29 and settle July 31.

The Cusip number is 06741UGN8.

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