New Issue: Barclays prices $2 million 5% callable yield notes linked to SPDR S&P 500

By Susanna Moon

Chicago, Nov. 22 - Barclays Bank plc priced $2 million of 5% callable yield notes due Nov. 24, 2015 linked to the SPDR S&P 500 exchange-traded fund trust, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any interest payment date.

The payout at maturity will be par unless the fund finishes below the knock-in level, 80% of the initial price, in which case the payout will be par plus the return with exposure to any losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable yield notes
Underlying fund:	SPDR S&P 500 ETF Trust
Amount:	$2 million
Maturity:	Nov. 24, 2015
Coupon:	5%, payable monthly
Price:	Par
Payout at maturity:	Par, unless fund finishes below knock-in level, in which case par plus return with exposure to any losses
Initial level:	$180.12
Knock-in level:	$144.10, 80% of initial level
Call option:	At par on any interest payment date
Pricing date:	Nov. 19
Settlement date:	Nov. 22
Agent:	Barclays
Fees:	1%
Cusip:	06739GCB3

© 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.