Published on 1/23/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $9.16 million digital autocallables linked to EAFE ETF, Russell
By Angela McDaniels
Tacoma, Wash., Jan. 23 – Barclays Bank plc priced $9.16 million of 0% buffered autocallable digital notes due July 24, 2018 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.
The notes will be automatically called at par plus a call premium if both underliers close at or above their initial levels on either July 18, 2017 or Jan. 18, 2018. The call premium is 5% for the first call valuation date and 10% for the second call valuation date.
If the notes are not called and the lesser-performing underlier’s return is positive, the payout at maturity will be par plus 15%. If the lesser-performing underlier declines by up to 20%, the payout at maturity will be par plus 9%. Otherwise, investors will lose 1.25% for every 1% that the lesser-performing underlier declines beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered autocallable digital notes
|
| Underlyings: | Russell 2000 index and iShares MSCI EAFE ETF
|
| Amount: | $9,162,000
|
| Maturity: | July 24, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and lesser-performing underlier’s return is positive, par plus 15%; if lesser-performing underlier declines by up to 20%, par plus 9%; otherwise, 1.25% loss for every 1% that lesser-performing underlier declines beyond 20%
|
| Call: | At par plus 5% if both underliers close at or above initial levels on July 18, 2017 or at par plus 10% if both underliers close at or above initial levels on Jan. 18, 2018
|
| Initial levels: | 1,358.56 for index and $59.20 for ETF (closing levels on Jan. 18)
|
| Pricing date: | Jan. 19
|
| Settlement date: | Jan. 24
|
| Agent: | Barclays
|
| Fees: | 0.05%
|
| Cusip: | 06741VHP0
|
© 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.
