Published on 12/24/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $5.42 million step-down trigger autocalls on Russell, S&P
By Devika Patel
Knoxville, Tenn., Dec. 24 – Barclays Bank plc priced $5.42 million of 0% step-down trigger autocallable notes due Dec. 10, 2024 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 automatically called at par of $10 plus 8.6% per year if each index closes at or above its initial level on any quarterly observation date or they all close at or above the 65% downside threshold on Dec. 5, 2024.
If the notes are not subject to an automatic call, then the final level of at least one index will be less than its downside threshold and investors will be exposed to the decline of the lesser-performing index from its initial level.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
|
Issue: | Step-down trigger autocallable notes
|
Underlying indexes: | Russell 2000, S&P 500
|
Amount: | $5,421,610
|
Maturity: | Dec. 10, 2024
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Full exposure to decline of lesser-performing index from initial level
|
Call: | At par plus 8.6% per year if each index closes at or above its initial level on any quarterly observation date or each closes at or above downside threshold on Dec. 5, 2024
|
Initial index levels: | 1,614.833 for Russell and 3,117.43 for S&P
|
Downside thresholds: | 1,049.641 for Russell and 2,026.33 for S&P; 65% of initial levels
|
Pricing date: | Dec. 5
|
Settlement date: | Dec. 10
|
Agents: | UBS Financial Services Inc. and Barclays
|
Fees: | None
|
Cusip: | 06747E625
|
|
© 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.