Barclays to price fixed-coupon callable notes tied to three indexes

By Marisa Wong

Morgantown, W.Va., Oct. 5 – Barclays Bank plc plans to price fixed-coupon callable securities due April 9, 2020 linked to the least-performing of the Nikkei 225 index, S&P 500 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a fixed coupon at an annualized rate of 7%.

The notes will be callable at par on any coupon payment date other than the final date.

If each index finishes at or above its 75% downside threshold, the payout at maturity will be par plus the final coupon payment. Otherwise, investors will be fully exposed to the decline of the least performing index but will still receive the final coupon payment.

Barclays is the underwriter with Morgan Stanley Wealth Management as dealer.

The notes will price Oct. 6.

The Cusip number is 06744C7M7.

© 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.