By Marisa Wong
Morgantown, W.Va., Aug. 10 – Barclays Bank plc priced $2.4 million of 5.75% autocallable SuperTrack notes due Feb. 10, 2017 linked to the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be automatically called at par plus the coupon if each component closes at or above its initial level on any quarterly call valuation date.
If the return of the lesser performing component is at least negative 20%, the payout at maturity will be par.
Otherwise, investors will lose 1.25% for every 1% decline of the lesser performing component beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable SuperTrack notes
|
| Underlying components: | Russell 2000 and iShares MSCI EAFE ETF
|
| Amount: | $2.4 million
|
| Maturity: | Feb. 10, 2017
|
| Coupon: | 5.75%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | If the return of the lesser performing component is at least negative 20%, par; 1.25% loss for every 1% decline of the lesser performing component beyond 20%
|
| Call: | Automatically at par plus the coupon if each component closes at or above its initial level on any quarterly call valuation date
|
| Initial levels: | 1,231.75 for index and $65.00 for ETF
|
| Pricing date: | Aug. 6
|
| Settlement date: | Aug. 11
|
| Agent: | Barclays
|
| Fees: | 0.05%
|
| Cusip: | 06741UE34
|
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