| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
Barclays plans five-year phoenix autocallables tied to Euro Stoxx 50
Columbus, Ohio, March 29 – Barclays Bank plc plans to price phoenix autocallable notes due April 7, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly contingent coupon at an annual rate of 11.5% to 12.5% if the index closes at or above its coupon barrier level, 80% of its initial level, on each observation date.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any observation date.
If the index finishes at or above its 75% barrier level, the payout at maturity will be par plus the contingent coupon, if any. Otherwise, investors will be fully exposed to the index decline.
Barclays is the agent.
The notes will price on April 4 and settle on April 7.
The Cusip number is 06741U6V1.
© 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.