Barclays to price trigger autocallables linked to iShares Russell ETF

By Angela McDaniels

Tacoma, Wash., April 10 – Barclays Bank plc plans to price 0% trigger autocallable notes due April 22, 2019 linked to the iShares Russell 2000 exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

Beginning Oct. 13, 2017, the notes will be automatically called at par of $10 plus a premium if the ETF closes at or above its initial share price on any quarterly observation date. The call premium is expected to be 7.85% to 8.85% per year and will be set at pricing.

If the notes are not called and the ETF finishes at or above its downside threshold, 75% of its initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the ETF finishes below its initial share price.

UBS Financial Services Inc. and Barclays are the underwriters.

The notes will price April 13.

The Cusip number is 06746J658.

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