Published on 6/3/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $644,000 annual autocallables linked to three indexes
By Sarah Lizee
Olympia, Wash., June 3 – Barclays Bank plc priced $644,000 of 0% annual autocallable notes due May 31, 2024 linked to the least performing of the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 8.5% per year if each index closes at or above its call barrier level on any annual call valuation date. For each index, the call barrier level will be equal to its initial level.
If the notes are not called and the least-performing index finishes at or above its barrier level, 70% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing index declines from its initial level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Annual autocallable notes
|
| Underlying indexes: | S&P 500, Dow Jones industrial average and Russell 2000
|
| Amount: | $644,000
|
| Maturity: | May 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and least-performing index finishes at or above barrier level, par; otherwise, 1% loss for every 1% that least-performing index declines from initial level
|
| Call: | Automatically at par plus call premium of 8.5% per year if each index closes at or above call barrier level on any annual call valuation date
|
| Initial levels: | 2,802.39 for S&P 500, 25,347.77 for Dow and 1,504.02 for Russell
|
| Barrier levels: | 1,961.67 for S&P 500, 17,743.44 for Dow and 1,052.81 for Russell; 70% of initial levels
|
| Call barrier levels: | 100% of initial levels
|
| Pricing date: | May 28
|
| Settlement date: | May 31
|
| Agent: | Barclays
|
| Fees: | 4.125%
|
| Cusip: | 06747MR24
|
© 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.
