Barclays plans annual autocallable notes due 2025 on S&P, Russell, Dow

By Wendy Van Sickle

Columbus, Ohio, March 8 – Barclays Bank plc plans to price 0% annual autocallable notes due March 27, 2025 linked to the least performing index of the Dow Jones industrial average, the S&P 500 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 an annualized call price of 10% if each index closes at or above its call barrier value on any annual call valuation date. The call level will be 92% of the initial level on the first three call dates and 95% on the final three call dates.

If the notes are not called and the final level of the least-performing index is at least 75% of its initial level, the payout at maturity will be par. Otherwise, investors will be exposed to the decline of the least-performing index from its initial level.

Barclays is the agent.

The notes (Cusip: 06747MJ56) will price on March 22.

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