Barclays plans to price dual directional notes on Euro Stoxx, Russell

By Wendy Van Sickle

Columbus, Ohio, May 5 – Barclays Bank plc plans to price 0% dual directional notes due May 31, 2018 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.

If the final level of the lesser-performing index is greater than its initial level, the payout at maturity will be par plus 1.75 times the return of the lesser-performing index.

If the final level of the lesser-performing index is less than its initial level but greater than or equal to its barrier level, 80% of its initial level, the payout will be par plus the absolute value of the lesser-performing index’s return.

If the final level of the lesser-performing index is less than its barrier level, investors will lose 1% for every 1% that the lesser-performing index’s final level is below its initial level.

Barclays is the agent.

The notes will price May 25.

The Cusip number is 06741V3H3.

© 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.