By Angela McDaniels
Tacoma, Wash., Sept. 5 – Barclays Bank plc priced $15.95 million of 5.55% autocallable notes due Dec. 8, 2015 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be automatically called at par plus accrued interest if each underlying component closes at or above its initial level on any quarterly call valuation date.
If the notes are not called and the return of the lesser-performing underlying component is greater than or equal to negative 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for every 1% that the lesser-performing underlying component declines beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Autocallable notes
|
Underliers: | iShares MSCI EAFE ETF and Russell 2000 index
|
Amount: | $15.95 million
|
Maturity: | Dec. 8, 2015
|
Coupon: | 5.55%, payable quarterly
|
Price: | Par
|
Payout at maturity: | If return of lesser-performing underlying component is greater than or equal to negative 20%, par; otherwise, 1.25% loss for every 1% that lesser-performing underlying component declines beyond 20%
|
Call: | Automatically called at par plus accrued interest if each underlying component closes at or above initial level on any quarterly call valuation date
|
Initial levels: | $67.31 for ETF and 1,172.2 for index
|
Pricing date: | Sept. 3
|
Settlement date: | Sept. 8
|
Agent: | Barclays
|
Fees: | 0.05%
|
Cusip: | 06741UJL9
|
© 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.