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Barclays plans annual autocallable notes linked to Vanguard FTSE EM
By Jennifer Chiou
New York, Jan. 9 - Barclays Bank plc plans to price 0% annual autocallable notes due Jan. 31, 2017 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call return of 10.25% if the fund's shares close at or above the initial share price on any call date, which will fall in January or February of each year.
The payout at maturity will be par if the fund's final share price is at least 80% of the initial share price. Otherwise, investors will be exposed to the decline from the initial share price to the final share price.
The notes (Cusip: 06741J5X3) are expected to price on Jan. 28 and settle on Jan. 31.
Barclays is the agent.
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