Barclays plans to price annual autocallable notes linked to two ETFs

By Toni Weeks

San Luis Obispo, Calif., March 4 – Barclays Bank plc plans to price 0% annual autocallable notes due March 31, 2018 linked to the iShares China Large-Cap exchange-traded fund and the iShares Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call premium of 12.4% to 13.2% per year if each underlying component closes at or above the applicable call price on either of three annual call valuation dates. The applicable call price is 100% of the initial share price on the first call valuation date, 95% of the initial price on the second call valuation date and 90% of the initial price on the final call valuation date.

The payout at maturity will be par unless either component finishes below the 75% barrier level, in which case investors will receive the return of the worst-performing component, with exposure to any losses.

The exact terms will be set at pricing.

Barclays is the agent.

The notes will price March 26 and settle March 31.

The Cusip number is 06741USD7.

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