Barclays to sell trigger autocallable notes linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., July 25 – Barclays Bank plc plans to price 0% trigger autocallable notes due July 30, 2021 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call return of 8% if the index closes at or above the initial level on any quarterly observation date beginning July 27, 2017.

If the notes are not called, the payout at maturity will be par unless the index finishes below the downside threshold level, which is expected to be between 67.5% and 72.5% of the initial level, in which case investors will be fully exposed to any losses.

Barclays and UBS Financial Services Inc. are the agents.

The notes will price on July 27 and settle on July 29.

The Cusip number is 06740Q278.

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