New Issue: Barclays prices $398,000 callable contingent coupon notes linked to Dow

Chicago, April 14 – Barclays Bank plc priced $398,000 of callable contingent coupon notes due April 6, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

Semiannually, the notes pay a coupon at an annualized rate of 9% if the index closes at or above its coupon barrier value, 70% of its initial level, on the observation date for that period.

After six months, the notes are callable at par plus any coupon due on any coupon payment date other than the final one.

If the index finishes at or above its barrier value, 70% of its initial level, the payout at maturity will be par plus any coupon due. Otherwise, investors will be fully exposed to the decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying index:	Dow Jones industrial average
Amount:	$398,000
Maturity:	April 6, 2023
Contingent coupon:	9% per year, payable semiannually if the index closes at or above coupon barrier value on observation date for that period
Price:	Par
Payout at maturity:	If the index finishes at or above barrier value, par plus any coupon due; otherwise, full exposure to losses
Call option:	At par plus any coupon due on any coupon payment date after six months other than final date
Initial level:	21,052.53
Coupon barrier:	14,736.77; 70% of initial level
Barrier value:	14,736.77; 70% of initial level
Pricing date:	April 3
Settlement date:	April 13
Agent:	Barclays
Fees:	0.55%
Cusip:	06747PKU2

© 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.