| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Barclays plans to price dual directional notes linked to S&P, Russell
By Tali Rackner
Norfolk, Va., Dec. 19 – Barclays Bank plc plans to price 0% dual directional notes due Dec. 28, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If index finishes at or above initial level, the payout at maturity will be par plus 1.15 to 1.25 times the return of the lesser performing index.
If either index falls by up to 20%, the payout at maturity will be par plus the absolute value of the return of the lesser performing index.
Otherwise, investors will lose 1% for every 1% decline of the worse performing index.
Barclays is the agent.
The notes will price on Dec. 27 and settle on Dec. 30.
The Cusip number is 06741VF49.
© 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.