New Issue: Barclays prices $1.22 million contingent coupon callable notes tied to Russell, Stoxx

By Susanna Moon

Chicago, July 10 – Barclays Bank plc priced $1.22 million of contingent coupon callable notes due June 26, 2020 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon an annual rate of 8.5% if each index closes at or above its 75% coupon barrier on the observation date for that period.

The payout at maturity will be par unless either index finishes below its 75% barrier level, in which case investors will lose 1% for each 1% decline of the worse performing index.

The notes will be callable at par on any interest payment date.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Contingent coupon callable notes
Underlying indexes:	Russell 2000 index and Euro Stoxx 50 index
Amount:	$1,221,000
Maturity:	June 26, 2020
Coupon:	8.5% per year, payable semiannually, if each index at or above 75% coupon barrier on observation date for period
Price:	Par
Payout at maturity:	Par unless either index finishes below 75% barrier, in which case 1% loss for each 1% decline of worse performing index
Call option:	At par on any interest payment date
Initial levels:	3,543.68 for Stoxx and 1,414.778 for Russell
Barrer levels:	2,657.76 for Stoxx and 1,061.09 for Russell; 75% of initial levels
Pricing date:	June 23
Settlement date:	June 28
Agent:	Barclays
Fees:	2.7%
Cusip:	06741VYF3

© 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.