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Barclays to price annual autocallables on Kospi 200, MSCI Taiwan
By Toni Weeks
San Luis Obispo, Calif., March 3 - Barclays Bank plc plans to price 0% annual autocallable notes due March 30, 2017 linked to the performance of the Korea Composite Stock Price Index 200 and the MSCI Taiwan 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 at least 12% if each index closes at or above its initial level on any of three annual call valuation dates. The actual call price will be set at pricing.
If the notes are not called and the final level of the lesser-performing index is at least 80% 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.
The notes (Cusip: 06741T6V4) are expected to price March 26 and settle March 31.
Barclays is the agent.
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