New Issue: Barclays prices $19.74 million step-down trigger autocallable notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Dec. 20 – Barclays Bank plc priced $19.74 million 0% step-down trigger autocallable notes due Dec. 17, 2027 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par of $10 plus 10.35% annually if each index closes above its initial level on any quarterly valuation date after one year or above its 75% downside threshold level on the final valuation date.

If the notes are not called and the worst performing index finishes below its downside threshold level, investors will be fully exposed to its losses.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Step-down trigger autocallable notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$19,743,200
Maturity:	Dec. 17, 2027
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 51.75% if all indexes close above their 75% downside threshold levels, otherwise full exposure to losses of worst performing index
Call:	Par plus 10.35% per year if all indexes close above initial level on any quarterly valuation date after one year
Initial levels:	1,820.454 for Russell, 3,995.32 for S&P
Downside threshold levels:	1,365.341 for Russell, 2,996.49 for S&P, 75% of initial levels
Pricing date:	Dec. 14
Settlement date:	Dec. 19
Agents:	UBS Financial Services Inc. and Barclays
Fees:	2.5%
Cusip:	06748C321

© 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.