Barclays plans autocallable trigger PLUS linked to Russell 2000

By Marisa Wong

Madison, Wis., Jan. 12 – Barclays Bank plc plans to price 0% autocallable trigger Performance Leveraged Upside Securities due Feb. 2, 2018 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

If the index closes at or above the call threshold level, 115% of the initial level, on the Feb. 5, 2016 call observation date, the securities will be automatically redeemed at the early redemption payment, which is expected to be at least $11.50 per $10.00 principal amount.

If the notes are not called and the index finishes above its initial level, the payout at maturity will be par plus at least 118% times the gain.

If the index falls by up to the 85% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Barclays is the agent, and Morgan Stanley Smith Wealth Management is the dealer.

The notes will price on Jan. 30 and settle on Feb. 4.

The Cusip number is 06743N801.

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