Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Barclays plans 7%-7.5% contingent coupon callables on two indexes
By Susanna Moon
Chicago, Oct. 26 – Barclays Bank plc plans to price callable contingent coupon notes due Nov. 2, 2023 linked to the least performing of the S&P 500 index and the Nasdaq-100 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 7% to 7.5% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes are callable at par on any interest payment date.
The payout at maturity will be par unless either underlying asset closes below its 70% trigger level, in which case investors will be exposed to any losses of the worse performing index.
Barclays is the agent.
The notes will price on Oct. 29.
The Cusip number is 06746XUV3.
© 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.