Barclays plans 5.75%-6.25% Super Track autocallables on S&P, Russell

By Susanna Moon

Chicago, Dec. 23 – Barclays Bank plc plans to price 5.75% to 6.25% autocallable Super Track notes due June 29, 2016 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The notes will be called at par of $10 plus a call return of 8% per year if each index closes at or above the initial index level on either observation date.

If each index finishes at or above the 80% trigger level, the payout at maturity will be par plus the coupon.

Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.

Barclays is the agent.

The notes will price on Dec. 24 and settle on Dec. 30.

The Cusip number is 06741UNL4.

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