Barclays plans 6% to 7% one-year autocallables tied to indexes

By Susanna Moon

Chicago, Nov. 10 – Barclays Bank plc plans to price 6% to 7% autocallable notes due Nov. 29, 2016 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par if each index closes at or above its initial level on May 24, 2016 or Aug. 24, 2016.

The payout at maturity will be par plus the contingent coupon unless either index falls and either index ever closes below its 70% knock-in level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.

Barclays is the agent.

The notes will price on Nov. 24 and settle on Nov. 30.

The Cusip number is 06741UT46.

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