New Issue: Barclays prices $2.77 million buffered autocallables linked to Russell, S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, July 24 – Barclays Bank plc priced $2.77 million of 0% buffered autocallable notes due July 11, 2024 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par plus an annualized premium of 8.2% if each index closes at or above its initial level on any annual call valuation date.

If the return of the least-performing index is at least negative 30%, the payout at maturity will be par. Otherwise, investors will lose 1.4286% for every 1% decline of the least-performing index beyond 30%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered autocallable notes
Underlying indexes:	Dow Jones industrial average, Russell 2000 and S&P 500
Amount:	$2.77 million
Maturity:	July 11, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index falls by more than 30%, in which case 1.4286% loss per 1% decline of least-performing index beyond 30%
Call:	Automatically at par plus a premium of 8.2% a year if each index closes at or above initial level on an annual call valuation date
Initial index levels:	1,694.05 for Russell 2000 and 2,759.82 for S&P 500, 24,456.48 for Dow
Barrier levels:	1,185.84 for Russell 2000 and 1,931.87 for S&P 500, 17,119.54 for Dow; 70% of initial levels
Pricing date:	July 6
Settlement date:	July 11
Agent:	Barclays
Fees:	0.75%
Cusip:	06746XG49

© 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.