Barclays plans annual autocallables tied to S&P 500, SPDR S&P Oil

By Susanna Moon

Chicago, April 11 – Barclays Bank plc plans to price 0% annual autocallable notes due April 25, 2022 linked to the least performing of the S&P 500 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 11% if each underlying component closes at or above its initial level on any call valuation date.

If the notes are not called, the payout at maturity will be par plus 44% unless either component finishes below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the worse performing component.

Barclays is the agent.

The notes will price on April 20 and settle on April 27.

The Cusip number is 06746X5D1.

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