New Issue: Barclays prices $3 million 8.15% callable securities tied to three indexes

By Wendy Van Sickle

Columbus, Ohio, Dec. 15 – Barclays Bank plc priced $3 million of 8.15% fixed-coupon callable securities due Dec. 18, 2018 linked to the least-performing of the Euro Stoxx 50 index, the Nikkei 225 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be callable at par on any coupon payment date beginning June 16, 2017.

If each index finishes at or above its 75% downside threshold, the payout at maturity will be par plus the final coupon payment. Otherwise, investors will be fully exposed to the loss of the least performing index but will still receive the final coupon payment.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Fixed-coupon callable securities
Underlying indexes:	S&P 500, Nikkei 225, Euro Stoxx 50
Amount:	$7,725,000
Maturity:	Dec. 19, 2017
Coupon:	8.15%, payable quarterly
Price:	Par
Call option:	At par quarterly on any coupon date beginning June 16, 2017
Payout at maturity:	Par plus final coupon unless any index closes below downside threshold, in which case principal amount will be diminished in proportion to loss of least-performing index, but final coupon will still be paid
Initial levels:	2,271.72 for S&P, 19,250.52 for Nikkei, 3,236.71 for Stoxx
Downside thresholds:	1,703.790 for S&P, 14,437.890 for Nikkei, 2,427.533 for Stoxx; 75% of initial levels
Pricing date:	Dec. 13
Settlement date:	Dec. 19
Agent:	Barclays
Fees:	2%
Cusip:	06741VFH0

© 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.