Barclays plans annual autocallables on Russell 2000, Euro Stoxx 50

By Marisa Wong

Madison, Wis., April 24 - Barclays Bank plc plans to price 0% annual autocallable notes due May 5, 2017 linked to the performance of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called if both indexes close at or above the call level on any of three annual call dates. The redemption payment is par plus a call premium of at least 11.3% per year. The call level is equal to the initial level for the first call date, 95% of the initial level for the second call date and 90% of the initial level for the final call date.

If the notes are not called and the final level of the lesser-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 lesser-performing index from its initial level.

Barclays is the agent.

The notes will price April 29 and settle May 2.

The Cusip number is 06741UCY8.

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