Published on 8/5/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.27 million 7.76% trigger callable yield notes linked to three indexes
By Susanna Moon
Chicago, Aug. 5 – Barclays Bank plc priced $5.27 million of 7.76% trigger callable yield notes due Feb. 11, 2019 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any quarterly call date.
The payout at maturity will be par of $10 unless any index finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Trigger callable yield notes
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Underlying indexes: | Euro Stoxx 50, Russell 2000 and S&P 500
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Amount: | $2.5 million
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Maturity: | Feb. 11, 2019
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Coupon: | 7.76%, payable quarterly
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Price: | Par of $10
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Call option: | At par on any quarterly call date
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Payout at maturity: | If each index finishes at or above trigger level, par; otherwise, full exposure to any losses of worst performing index
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Initial levels: | 2,906.98 for Stoxx, 1,202.349 for Russell and 2,157.03 for S&P
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Trigger levels: | 1,889.54 for Stoxx, 781.527 for Russell and 1,402.07 for S&P; 65% of initial levels
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Pricing date: | Aug. 2
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Settlement date: | Aug. 9
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 1%
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Cusip: | 06745B813
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