Barclays to price autocallables linked to Russell 2000, Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Feb. 1 – Barclays Bank plc plans to price autocallable notes due Aug. 10, 2017 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annual rate of 10%.

The notes will be automatically called at par plus the coupon due if both indexes close above their initial levels on Feb. 6, 2017 or on May 5, 2017.

The payout at maturity will be par unless the lesser performing index closes below its initial level and either of the indexes has closed below its 70% barrier level on any day during the life of the notes, in which case investors will be fully exposed to the loss of the worse performing index.

Barclays is the agent.

The notes will price on Feb. 5 and settle Feb. 10.

The Cusip number is 06741U4U5.

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