Published on 11/3/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.08 million 5.84% one-year notes linked to index, fund
By Susanna Moon
Chicago, Nov. 3 – Barclays Bank plc priced $3.08 million of 5.84% notes due Nov. 3, 2015 linked to 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 each component finishes at or above the 85% barrier level, the payout at maturity will be par.
Otherwise, investors will lose 1.17647% for each 1% decline of the worse performing component.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlyings: | Russell 2000 index and iShares MSCI EAFE ETF
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Amount: | $3,075,000
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Maturity: | Nov. 3, 2015
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Coupon: | 5.84%, payable monthly
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Price: | Par
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Payout at maturity: | Par if each component finishes at or above barrier level; otherwise, 1.17647% loss per 1% drop beyond 15% of the worse performing component
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Initial index levels: | 1,149.45 for Russell, $62.82 for fund
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Barrier levels: | 85% of initial level
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Pricing date: | Oct. 29
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Settlement date: | Nov. 3
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741ULH5
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