New Issue: Barclays sells $1.92 million dual directional notes tied to index, ETF

By Wendy Van Sickle

Columbus, Ohio, Sept. 26 – Barclays Bank plc priced $1.92 million of 0% dual directional notes due Sept. 24, 2020 linked to the least performing of the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.6 times any gain in the least performing asset.

If the least performing asset falls by up to 15%, the payout will be par plus the absolute value of the return of the lesser performing asset.

If the least performing asset falls by more than 15%, investors will lose 1% for each 1% decline of the worst performing asset beyond 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Dual directional notes
Underlying assets:	Euro Stoxx 50 index, iShares MSCI EAFE ETF
Amount:	$1,915,000
Maturity:	Sept. 24, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.6 times any gain in the least performing asset; if least performing asset falls by up to 15%, par plus the absolute value of the return of the least performing asset; otherwise, 1% loss for each 1% decline of the worst performing asset beyond 15%
Initial levels:	3,430.81 for index, $68.63 for ETF
Pricing date:	Sept. 21
Settlement date:	Sept. 26
Agent:	Barclays
Fees:	0.8%
Cusip:	06746XQE6

© 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.