Published on 12/4/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.47 million of 0% autocallables linked to Russell, S&P
By Tali Rackner
Minneapolis, Dec. 4 – Barclays Bank plc priced $2.47 million of 0% autocallable notes due May 22, 2019 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 5% if each index closes at or above its initial level on any quarterly valuation date.
The payout at maturity will be par unless either index finishes below its 80% buffer level, in which case investors will lose 1.25% for each 1% decline of the lesser-performing index.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Autocallable notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $2,473,000
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Maturity: | May 22, 2019
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par unless either index finishes below its 80% buffer level, in which case investors will lose 1.25% for each 1% decline of lesser-performing index
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Call: | At par plus 5% annualized if each index closes at or above its initial level on any quarterly valuation date
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Initial levels: | 1,486.88 for Russell and 2,585.64 for S&P 500
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Pricing date: | Nov. 17
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Settlement date: | Nov. 22
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Agent: | Barclays
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Fees: | 0.05%
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Cusip: | 06744CMB4
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