Published on 2/6/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3 million 5.5% notes linked to Russell, iShares MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Feb. 6 - Barclays Bank plc priced $3 million of 5.5% notes due Feb. 9, 2015 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
If the return of the lesser performing underlier is greater than or equal to negative 15%, the payout at maturity will be par. Otherwise, investors will lose 1.1765% for every 1% that the lesser performing underlier declines beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underliers: | Russell 2000 index and iShares MSCI EAFE ETF
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Amount: | $3 million
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Maturity: | Feb. 9, 2015
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Coupon: | 5.5%, payable monthly
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Price: | Par
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Payout at maturity: | If return of lesser performing underlier is greater than or equal to negative 15%, par; otherwise, 1.1765% loss for every 1% that lesser performing underlier declines beyond 15%
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Initial levels: | 1,102.84 for index and $63.03 for ETF
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Pricing date: | Feb. 4
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Settlement date: | Feb. 7
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741T5Q6
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