Barclays plans to price annual autocallable notes linked to four ETFs

By Toni Weeks

San Luis Obispo, Calif., April 1 – Barclays Bank plc plans to price 0% annual autocallable notes due April 6, 2017 linked to the least performing of four exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The funds are the Consumer Discretionary Sector fund, the Technology Sector fund, Financial Sector fund and Industrial Sector fund.

The notes will be called at par plus a call premium of 8% per year if each underlying component closes at or above 85% of its initial price on either of two annual call valuation dates.

The payout at maturity will be par unless any component finishes below the 70% barrier level, in which case investors will receive the return of the worst-performing component, with exposure to any losses.

Barclays is the agent.

The notes will price April 2 and settle April 8.

The Cusip number is 06741UTM6.

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