Published on 12/23/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.42 million autocallables tied to S&P 500, Euro Stoxx
By Susanna Moon
Chicago, Dec. 23 – Barclays Bank plc priced $1.42 million of 0% autocallable notes due Dec. 23, 2019 linked to the S&P 500 index and the Euro Stoxx 50, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 12.5% if each index closes above its initial level on any annual call observation date.
If each index finishes at or above the 70% barrier level, the payout at maturity will be par plus the 10% digital return.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Autocallable notes
|
Underlying indexes: | S&P 500 and Euro Stoxx 50
|
Amount: | $1,424,000
|
Maturity: | Dec. 23, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above the 70% barrier level, par plus 10%; otherwise, full exposure to any losses of worse performing index
|
Call: | At par plus 12.5% if each index closes above initial level on any annual observation date beginning Dec. 19, 2016
|
Initial levels: | 2,005.55 for S&P, 3,260.72 for Stoxx
|
Barrier levels: | 1,403.89 for S&P, 2,282.50 for Stoxx; 70% of initial levels
|
Pricing date: | Dec. 18
|
Settlement date: | Dec. 28
|
Agent: | Barclays
|
Fees: | 2.15%
|
Cusip: | 06741UW67
|
|
|
|
© 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.