By Wendy Van Sickle
Columbus, Ohio, Feb. 7 – Barclays Bank plc priced $3.8 million of 0% capped Accelerated Return Notes due May 27, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, if the index return is greater than or equal to 35%, the payout will be par plus 63.3%.
If the index gain is less than 35% but greater than or equal to 25%, the payout at maturity will be par plus 55.49% plus 0.781 times the gain above 25%.
If the index finishes falls by up to 6% or gains up to 25%, the payout will be par plus 1.79 times the return of the index in excess of negative 6%.
If the index falls by more than 6% but not more than 10%, the payout will be par.
Investors will be exposed to any index decline beyond 10%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped Accelerated Return Notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $3.8 million
|
| Maturity: | May 27, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is greater than 35%, par plus 63.3%; if the index gain is less than 35% but greater than or equal to 25%, par plus 55.49% plus 0.781 times the gain above 25%; if the index falls by up to 6% or gains up to 25%, par plus 1.79 times index return in excess of negative 6%; par if index falls by more than 6% but not more than 10%; 1% loss for every 1% decline beyond 10%
|
| Initial index level: | Average of index’s closing levels on every trading day from Jan. 31 to May 1
|
| Final index level: | Average of index’s closing levels on every trading day from Feb. 24, 2027 to May 24, 2027
|
| Pricing date: | Feb. 2
|
| Settlement date: | Feb. 7
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 0.25%
|
| Cusip: | 06749NNA6
|
|
|
© 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.
