Barclays plans callable contingent coupon notes tied to ConocoPhillips

By Susanna Moon

Chicago, Sept. 5 – Barclays Bank plc plans to price callable contingent coupon notes due March 28, 2017 linked to ConocoPhillips shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 7% that ConocoPhillips shares close above the 80% barrier level on a valuation date for that quarter.

The notes are callable at par plus the contingent coupon on any interest payment date.

The payout at maturity will be par unless the ConocoPhillips shares finish below the 80% knock-in barrier level, in which case investors will be fully exposed to any losses.

Barclays is the agent.

The notes will price on Sept. 23 and settle on Sept. 26.

The Cusip number is 06741UJK1.

© 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.