Barclays to price annual autocallables linked to Euro Stoxx, Russell

By Angela McDaniels

Tacoma, Wash., May 13 – Barclays Bank plc plans to price 0% annual autocallable notes due May 17, 2018 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 13.4% per year if each index closes at or above its call level 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 the lesser-performing index is greater than or equal to its barrier level, 70% 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 May 14 and settle May 19.

The Cusip number is 06741UWK6.

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