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Barclays to price 8.2% autocallables linked to Russell, Euro Stoxx
By Angela McDaniels
Tacoma, Wash., Dec. 3 – Barclays Bank plc plans to price 8.2% autocallable notes due June 8, 2017 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 quarterly.
The notes will be automatically called at par if each index closes at or above its initial level on Dec. 5, 2016 or March 6, 2017.
The payout at maturity will be par unless the final level of the lesser-performing index is less than its initial level and either index closes below its barrier level, 70% of its initial level, on any day during the life of the notes, in which case investors will be fully exposed to the decline of the lesser-performing index.
Barclays is the agent.
The notes will price Dec. 4.
The Cusip number is 06741UW83.
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