New Issue: Barclays prices $985,000 6.25% autocallable notes on Dow, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Nov. 3 – Barclays Bank plc priced $985,000 of 6.25% autocallable fixed-coupon notes due Oct. 29, 2021 linked to the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be automatically called at par if each index closes at or above its initial level on any monthly call date after six months.

If the notes are not called, the payout at maturity will be par unless either index finishes below its barrier level, 75% of its initial level, in which case the payout will be par minus 1% for every 1% that the lesser-performing index declines from its initial level.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying indexes:	Dow Jones industrial average and Nasdaq-100 index
Amount:	$985,000
Maturity:	Oct. 29, 2021
Coupon:	6.25%, payable monthly
Price:	Par
Call:	At par if each index closes at or above initial level on any monthly call date after six months
Payout at maturity:	Par unless either index finishes below its barrier level, in which case par minus 1% for every 1% that the lesser-performing index declines from its initial level
Initial levels:	27,463.19 for Dow, 11,598.95 for Nasdaq
Barrier levels:	20,597.39 for Dow, 8,699.21 for Nasdaq; 75% of initial levels
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Agent:	Barclays
Fees:	2.1%
Cusip:	06747QL96

© 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.