New Issue: Barclays prices $3.94 million contingent payment notes on three indexes

By Susanna Moon

Chicago, June 22 – Barclays Bank plc priced $3.94 million of callable contingent payment notes due June 21, 2018 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.5% if each index closes at or above its coupon barrier level, 65% of the initial level, on a quarterly valuation date.

The notes are callable at par plus the contingent coupon on any interest payment date.

The payout at maturity will be par unless any index finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent payment notes
Underlying indexes:	S&P 500 index, Russell 2000 index and Euro Stoxx 50 index
Amount:	$3,941,000
Maturity:	June 21, 2018
Coupon:	9.5% per year, payable quarterly if each index closes at or above barrier level on valuation date for that quarter
Price:	Par
Payout at maturity:	Par unless either index finishes below barrier level, in which case full exposure to any losses of worst performing index
Call option:	At par on any interest payment date
Initial levels:	2,121.24 for S&P, 1,284.68 for Russell and 3,450.45 for Stoxx
Barrier levels:	1,378.81 for S&P, 835.04 for Russell and 2,242.79 for Stoxx; 65% of initial levels
Pricing date:	June 18
Settlement date:	June 23
Agent:	Barclays
Fees:	1.75%
Cusip:	06741UYP3

© 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.