Published on 4/23/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.4 million 5% notes linked to index, fund
By Toni Weeks
San Luis Obispo, Calif., April 23 - Barclays Bank plc priced $1.4 million of 5% notes due June 25, 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 underlying component is equal to or greater than negative 15%, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1.1765% for each 1% decline of the lesser-performing underlying component beyond the 15% buffer.
Barclays is the underwriter.
Issuer: | Barclays Bank plc
|
Issue: | Notes
|
Underlying components: | Russell 2000 index and iShares MSCI EAFE ETF
|
Amount: | $1.4 million
|
Maturity: | June 25, 2015
|
Coupon: | 5%, payable monthly
|
Price: | Par
|
Payout at maturity: | If return of lesser-performing underlying component is equal to or greater than negative 15%, par plus final coupon; otherwise, 1.1765% loss for each 1% decline of lesser-performing component beyond 15% buffer
|
Initial levels: | 1,155.61 for Russell, $67.90 for ETF
|
Pricing date: | April 22
|
Settlement date: | April 25
|
Underwriter: | Barclays
|
Fees: | None
|
Cusip: | 06741UCX0
|
© 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.