Published on 12/9/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $19.29 million annual autocallables linked to Euro Stoxx 50, FTSE 100
By Susanna Moon
Chicago, Dec. 9 - Barclays Bank plc priced $19.29 million of 0% annual autocallable notes due Nov. 25, 2016 linked to the lesser performing of the Euro Stoxx 50 index and the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus 14% per year if each index closes at or above its initial index level on any annual call valuation date.
The payout at maturity will be par unless the worse performing index finishes below the 80% barrier level, in which case investors will be fully exposed to any losses of the worse performing index.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Annual autocallable notes
|
| Underlying indexes: | Euro Stoxx 50 and FTSE 100
|
| Amount: | $19,293,000
|
| Maturity: | Dec. 8, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Par plus call premium of 14% per year if both indexes close at or above initial levels on
|
| Payout at maturity: | Par if lesser performing index finishes at or above barrier level; otherwise, full exposure to losses of lesser performing index
|
| Initial index levels: | 2,953.17 for Euro Stoxx and 6,498.33 for FTSE
|
| Barrier levels: | 2,362.54 for Euro Stoxx and 5,198.66 for FTSE; or 80% of initial levels
|
| Pricing date: | Dec. 5
|
| Settlement date: | Dec. 10
|
| Agent: | Barclays
|
| Fees: | 2.5%
|
| Cusip: | 06741T2X4
|
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