By Wendy Van Sickle
Columbus, Ohio, Feb. 1 – Barclays Bank plc priced $6.5 million of trigger autocallable contingent yield notes due Jan. 30, 2026 linked to the performance of the SPDR Dow Jones Industrial Average ETF Trust and the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10.45% if each index closes at or above its coupon barrier, 60% of its initial level, on the observation date for that period.
The notes will be redeemed at par plus the coupon if each index closes above their initial levels on any quarterly observation date after six months.
The payout at maturity will be par plus the coupon if each index finishes at or above its coupon barrier.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
Barclays and UBS Financial Services Inc. are the agents.
Issuer: | Barclays Bank plc
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Issue: | Trigger autocallable contingent yield notes
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Underlying indexes: | SPDR Dow Jones Industrial Average ETF Trust, Energy Select Sector SPDR fund
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Amount: | $6.5 million
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Maturity: | Jan. 30, 2026
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Coupon: | 10.45% annual rate, payable quarterly if each index closes at or above coupon barrier on observation date
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Price: | Par of $10
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Payout at maturity: | Par plus the coupon if each index finishes at or above coupon barrier; otherwise, 1% loss for each 1% decline of the worse performing index from initial level
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Call: | At par plus the coupon if each index closes above their initial levels on any quarterly observation date after six months
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Initial levels: | $339.61 for SPDR Dow, $91.23 for Energy fund
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Coupon barriers: | $203.77 for SPDR Dow, $54.74 for Energy fund; 60% of initial levels
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Downside thresholds: | $203.77 for SPDR Dow, $54.74 for Energy fund; 60% of initial levels
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Pricing date: | Jan. 30
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Settlement date: | Jan. 31
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Agents: | Barclays and UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 06748F860
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