Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
Barclays plans to price autocallables tied to S&P 500, Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Feb. 1 – Barclays Bank plc plans to price autocallable notes due Feb. 24, 2020 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 12.5% to 13.5% per year if both indexes close above their initial levels on any annual call date.
If the notes are not called, the payout at maturity will be par plus 10% unless either index has closed below its 70% barrier level, in which case investors will be fully exposed to the loss of the worse performing index.
Barclays is the agent.
The notes will price on Feb. 19 and settle Feb. 26.
The Cusip number is 06741U4M3.
© 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.