New Issue: Barclays prices $4 million callable contingent coupon notes linked to indexes

By Tali Rackner

Norfolk, Va., Jan. 21 – Barclays Bank plc priced $4 million of callable contingent coupon notes due Jan. 23, 2026 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 13% if each index closes at or above its barrier level, 60% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless any index finishes below its 60% barrier level, in which case investors will be fully exposed to any losses of the worst performing index.

The notes are callable at par on any interest payment date.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	S&P 500, Russell 2000, Euro Stoxx 50
Amount:	$4 million
Maturity:	Jan. 23, 2026
Coupon:	13% annualized, per quarter that each index closes at or above coupon barrier on observation date for that quarter
Price:	Par of $1,000
Payout at maturity:	Par unless any index finishes below barrier level, in which case full exposure to any losses of worst performing index
Call option:	At par on any interest payment date
Initial levels:	1,880.33 for S&P, 1,007.73 for Russell, 2,952.48 for Stoxx
Barrier levels:	1,128.20 for S&P, 604.64 for Russell, 1,771.49 for Stoxx; 60% of initial levels
Pricing date:	Jan. 19
Settlement date:	Jan. 22
Agent:	Barclays
Fees:	1.45%
Cusip:	06741U4A9

© 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.