Barclays plans three-year annual autocallables tied to S&P 500

By Susanna Moon

Chicago, Sept. 9 – Barclays Bank plc plans to price 0% annual autocallable notes due Sept. 25, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 7% to 8% if each index closes at or above its call level on either annual call valuation date.

The payout at maturity will be par unless the index finishes below its 75% barrier level, in which case investors will be fully exposed to any losses.

Barclays is the agent.

The notes will price on Sept. 20 and settle on Sept. 23.

The Cusip number is 06741VBB7.

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