New Issue: Barclays prices $2.55 million annual autocallable notes linked to Euro Stoxx, Russell

By Toni Weeks

San Luis Obispo, Calif., July 30 - Barclays Bank plc priced $2.55 million of 0% annual autocallable notes due July 29, 2016 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 11.25% per year if both indexes close at or above their initial levels on Aug. 1, 2014, July 27, 2015 or July 26, 2016.

If the notes are not called and the final level of the lesser-performing index is at least 70% of its initial level, the payout at maturity will be par. Otherwise, investors will be exposed to the decline of the lesser-performing index from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Annual autocallable notes
Underlying indexes:	Euro Stoxx 50 and Russell 2000
Amount:	$2.55 million
Maturity:	July 29, 2016
Coupon:	0%
Price:	Par
Call:	Par plus call premium of 11.25% per year if both indexes finish at or above their initial levels on Aug. 1, 2014, July 27, 2015 or July 26, 2016
Payout at maturity:	Par if final level of the lesser-performing index is at least 70% of the initial share price; otherwise, full exposure to decline
Initial levels:	2,741.96 for Euro Stoxx; 1,048.51 for Russell 2000
Barrier levels:	1,919.37 for Euro Stoxx; 733.96 for Russell 2000, 70% of initial price
Pricing date:	July 26
Settlement date:	July 31
Agent:	Barclays
Fees:	2.5%
Cusip:	06741TZU4

© 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.