Published on 12/23/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.63 million 5.2% trigger callable yield notes linked to three indexes
By Wendy Van Sickle
Columbus, Ohio, Dec. 23 – Barclays Bank plc priced $3.63 million of 5.2% trigger callable yield notes due Dec. 24, 2019 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any quarterly call date beginning June 19, 2017.
The payout at maturity will be par of $10 unless any index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Trigger callable yield notes
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Underlying indexes: | Nasdaq-100, Russell 2000 and S&P 500
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Amount: | $3.63 million
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Maturity: | Dec. 24, 2019
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Coupon: | 5.2%, payable quarterly
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Price: | Par of $10
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Call option: | At par on any quarterly call date beginning June 19, 2017
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Payout at maturity: | If each index finishes at or above trigger level, par; otherwise, full exposure to any losses of worst performing index
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Initial levels: | 4,914.864 for Nasdaq, 1,364.189 for Russell and 2,258.07 for S&P
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Trigger levels: | 2,457.432 for Nasdaq, 682.095 for Russell and 1,129.04 for S&P; 50% of initial levels
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Pricing date: | Dec. 19
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Settlement date: | Dec. 22
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 1.5%
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Cusip: | 06745R438
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