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 dual directional notes tied to S&P 500, Russell 2000
By Emma Trincal
New York, Nov. 5 – Barclays Bank plc plans to price 0% dual directional notes due Nov. 30, 2021 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the index return of the worse performing index.
If each index finishes at or above its 85% threshold, the payout will be par plus the absolute value of the return of the worse performing index.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond the 15% buffer.
Barclays is the agent.
The notes will price on Nov. 27 and settle on Nov. 30.
The Cusip number is 06746XX32.
© 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.