Barclays plans 8.25%-9.25% autocallable yield notes on index, fund

By Susanna Moon

Chicago, April 4 - Barclays Bank plc plans to price 8.25% to 9.25% autocallable yield notes due Oct. 27, 2014 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par if each underlying component closes at or above its initial level on any quarterly call valuation date.

A knock-in event will occur if either component falls below the knock-in barrier, 70% of its initial level, on any trading day during the life of the notes.

The payout at maturity will be par unless a knock-in event occurs and the return of the worse performing component is negative, in which case investors will be exposed to any losses of the worse performing component.

Barclays is the agent.

The notes will price on April 22 and settle on April 25.

The Cusip number is 06741TSA6.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.