New Issue: Barclays prices $534,000 annual autocallable notes on Russell 2000

By Jennifer Chiou

New York, June 29 - Barclays Bank plc priced $534,000 of 0% annual autocallable notes due July 2, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above its initial level on any of three valuation dates, the notes will be called at par plus 11% on the first valuation date of July 2, 2012, par plus 22% on the second valuation date of June 27, 2013 and par plus 33% on the third valuation date of June 27, 2014.

If the notes are not called and the final index level is at least 80% of the initial level on the final valuation date, the payout at maturity will be par. Otherwise, investors will be fully exposed to losses.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Annual autocallable notes
Underlying index:	Russell 2000
Amount:	$534,000
Maturity:	July 2, 2014
Coupon:	0%
Price:	Par
Call:	If index closes above its initial level, par plus 11% on July 2, 2012, par plus 22% on June 27, 2013, par plus 33% on June 27, 2014
Payout at maturity:	Par if index falls by up to 20%, full exposure to losses if it falls beyond 20%
Initial index level:	805.14
Pricing date:	June 27
Settlement date:	June 30
Agent:	Barclays Capital Inc.
Fees:	2.5%
Cusip:	06738KLR0

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.