Barclays eyes callable contingent coupon notes on EM ETF, S&P, Russell

Chicago, Nov. 21 – Barclays Bank plc plans to price callable contingent coupon notes due Dec. 7, 2023 linked to the lesser performing of the iShares MSCI Emerging Markets exchange-traded fund, the S&P 500 index and the Russell 2000 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 11.25% to 11.75% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.

The notes are callable on any contingent coupon payment date beginning on June 10, 2019.

The payout at maturity will be par plus the final contingent coupon unless any index finishes below the 70% barrier level, in which case investors will lose 1% for each 1% decline of the worst performing underlier from its initial level.

Barclays is the agent.

The notes (Cusip: 06746XYY3) will price on Dec. 3 and settle on Dec. 6.

© 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.