By Susanna Moon
Chicago, April 13 - Barclays Bank plc priced $4.57 million of 10% callable yield notes due Oct. 17, 2013 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par plus accrued interest on any interest payment date.
A knock-in event occurs if any of the underlying indexes finishes below the 65% trigger level.
The payout at maturity will be par unless a trigger event occurs and the worst performing component finishes below its initial level, in which case investors will be exposed to those losses.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Callable yield notes
|
| Underlying basket: | Russell 2000 index, S&P 500 index, Euro Stoxx 50 index
|
| Amount: | $4.57 million
|
| Maturity: | Oct. 17, 2013
|
| Coupon: | 10%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | If none of the indexes falls below knock-in level, par; otherwise, par plus return of worst performing index
|
| Call: | At par plus accrued interest on any interest payment date
|
| Initial levels: | 796.59 for Russell; 1,368.71 for S&P; 2,341.36 for Euro Stoxx
|
| Knock-in levels: | 517.78 for Russell; 889.66 for S&P; 1,521.88 for Euro Stoxx; 65% of initial levels
|
| Pricing date: | April 11
|
| Settlement date: | April 16
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.5%
|
| Cusip: | 06738K3E9
|
© 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.
