Published on 5/1/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays plans $4.89 million annual autocallables on Russell 2000, Euro Stoxx 50
By Susanna Moon
Chicago, May 1 - Barclays Bank plc priced $4.89 million of 0% annual autocallable notes due May 5, 2017 linked to the performance of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at an annualized call premium of 11.74% if each index closes at or above the call level on any of three annual call dates. The call level will be equal to the initial level for the first call date, 95% of the initial level for the second call date and 90% of the initial level for the final call date.
If the notes are not called, the payout at maturity will be par unless either index finishes below its 75% trigger level, in which case investors will be 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 Russell 2000
|
| Amount: | $4,894,000
|
| Maturity: | May 5, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Par plus call premium of 11.74% per year if each index finishes at or above call levels on May 5, 2015, May 3, 2016 and May 2, 2017; call level will be initial level for first call date, 95% of initial level for second call date and 90% of initial level for final call date
|
| Payout at maturity: | Par unless either index falls below trigger level, in which case full exposure to any losses of worst performing index
|
| Initial levels: | 3,208.68 for Euro Stoxx, 1,120.83 for Russell
|
| Barrier levels: | 2,406.51 for Euro Stoxx, 840.62 for Russell; 75% of initial price
|
| Pricing date: | April 29
|
| Settlement date: | May 2
|
| Agent: | Barclays
|
| Fees: | 2.25%
|
| Cusip: | 06741UCY8
|
© 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.
