Barclays plans to price annual autocallable notes linked to index, ETF

By Marisa Wong

Madison, Wis., Dec. 12 – Barclays Bank plc plans to price 0% annual autocallable notes due Dec. 22, 2016 linked to the Russell 2000 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call premium of at least 9% per year if each underlying component closes at or above 85% of its initial level on either annual call valuation date.

The payout at maturity will be par unless either component finishes below the 70% barrier level, in which case investors will receive the return of the worst performing component with exposure to any losses.

Barclays is the agent.

The notes will price on Dec. 17 and settle on Dec. 22.

The Cusip number is 06741UND2.

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