Published on 12/4/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $790,000 callable contingent coupon notes linked to Dow industrials, Stoxx 50
New York, Dec. 4 – Barclays Bank plc priced $790,000 of callable contingent coupon notes due Nov. 30, 2021 linked to the lesser performing of the Dow Jones industrial average and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 8% if each index closes at or above its coupon barrier level, 65% of its initial level, on the observation date for that period.
The payout at maturity will be par unless either index finishes below its 65% barrier level, in which case investors will be fully exposed to any losses of the worse performing index.
The notes are callable at par on any interest payment date.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Callable contingent coupon notes
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| Underlying indexes: | Dow Jones industrial average and Euro Stoxx 50
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| Amount: | $790,000
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| Maturity: | Nov. 30, 2021
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| Coupon: | 8% annualized, payable quarterly if each index closes at or above coupon barrier level on observation date for that period
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| Price: | Par
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| Payout at maturity: | Par unless either index finishes below barrier level, in which case full exposure to losses of worse performing index
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| Call option: | At par on any interest payment date
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| Initial levels: | 17,812.19 for Dow Jones industrial average, 3,409.60 for Euro Stoxx 50
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| Barrier levels: | 11,577.92 for Dow Jones industrial average, 2,216.24 for Euro Stoxx 50, 65% of initial levels
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| Coupon barrier levels: | 11,577.92 for Dow Jones industrial average, 2,216.24 for Euro Stoxx 50, 65% of initial levels
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| Pricing date: | Nov. 24
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| Settlement date: | Nov. 30
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| Agent: | Barclays
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| Fees: | 3%
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| Cusip: | 06741UU28
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