Barclays plans five-year annual autocallables on S&P 500, Russell

By Susanna Moon

Chicago, Dec. 14 – Barclays Bank plc plans to price annual autocallable notes due Dec. 22, 2023 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 8.5% to 9.5% if each asset closes at or above its initial level on any call valuation date after one year.

If the notes are not called, the payout at maturity will be par unless either underlying asset closes below its 60% barrier level, in which case investors will be exposed to any losses of the worse performing index or fund.

Barclays is the agent.

The notes will price on Dec. 19.

The Cusip number is 06746XZC0.

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