New Issue: Barclays prices $739,000 of 0% autocallables tied to fund, two indexes

By Susanna Moon

Chicago, Nov. 21 – Barclays Bank plc priced $739,000 of 0% autocallable notes due Aug. 18, 2021 linked to the least performing of the Financial Select Sector SPDR fund, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 10.5% if each underlying component closes at or above its initial level on any quarterly valuation date after six months.

The payout at maturity will be par plus 10% unless any component finishes below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the worst performing index or fund.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying assets:	Financial Select Sector SPDR fund, Russell 2000 index and Euro Stoxx 50 index
Amount:	$739,000
Maturity:	Aug. 18, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10% unless any component finishes below its barrier level, in which case investors will lose 1% for each 1% decline of worst performing component
Call:	At par plus 10.5% annualized if each component closes at or above its initial level on any quarterly valuation date beginning in May 2018
Initial levels:	$26.12 for Financial fund, 1,475.07 for Russell and 3,574.52 for Stoxx
Barrier levels:	$18.28 for Financial fund, 1,032.55 for Russell and 2,502.16 for Stoxx; 60% of initial levels
Pricing date:	Nov. 13
Settlement date:	Nov. 16
Agent:	Barclays
Fees:	2.95%
Cusip:	06744CLL3

© 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.