New Issue: Barclays sells $1.31 million autocallable fixed-coupon notes on S&P, Russell

Chicago, Oct. 26 – Barclays Bank plc priced $1.31 million of autocallable fixed-coupon notes due May 31, 2023 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at an annual rate of 9.45%.

The notes will be automatically called at par plus the coupon if each index closes at or above its initial level on any quarterly call date after six months.

If the notes are not called and each index finishes at or above 75% of its initial level on every day during the life of the notes or both indexes close above their initial levels, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the least-performing index from its initial level.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying index:	Russell 2000, S&P 500
Amount:	$1,313,000
Maturity:	May 31, 2023
Coupon:	9.45% annually, paid quarterly
Price:	Par
Payout at maturity:	Par if both indexes close above the barrier level every day during the life of the notes or both indexes finish above their initial levels; otherwise, full exposure to losses of worst performer
Call:	At par plus coupon if each index closes at or above initial level on any quarterly call date after six months
Initial levels:	2,040.93 for Russell, 4,384.65 for S&P
Barrier levels:	1,530.70 for Russell, 3,288.49 for S&P; 75% of initial levels
Pricing date:	Feb. 25
Settlement date:	March 2
Agent:	Barclays
Fees:	0.75%
Cusip:	06748XF63

© 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.