Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for SPDR S&P Oil & Gas Exploration & Production exchange-traded fund > News item |
Barclays plans 7.5%-8.5% contingent coupon callables on index, fund
By Susanna Moon
Chicago, Dec. 6 – Barclays Bank plc plans to price callable contingent coupon notes due Dec. 23, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annualized rate of 7.5% to 8.5% if each underlying component closes at or above its 70% coupon barrier on the observation date for that period.
The notes are callable at par on any interest payment date.
The payout at maturity will be par unless either component finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index or fund.
Barclays is the agent.
The notes will price on Dec. 21 and settle on Dec. 29.
The Cusip number is 06744CN98.
© 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.