Published on 12/1/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.16 million buffered autocallables tied to index, fund
By Susanna Moon
Chicago, Dec. 1 – Barclays Bank plc priced $3.16 million of 0% buffered autocallable notes due May 23, 2019 linked to the least 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 called at par plus an annualized call premium of 9.5% if each underlying component closes above its initial level on any of three call review dates.
If the notes are not called at par plus 14.25% on the final valuation date, the payout at maturity will be par unless either component falls by more than 20%, in which case investors will lose 1.25% for every 1% decline of the worse performing index or fund beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered autocallable notes
|
Underlying assets: | Russell 2000 index, iShares MSCI EAFE ETF
|
Amount: | $3,156,000
|
Maturity: | May 23, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par unless either underlying component falls by more than 20%, in which case 1.25% loss per 1% decline of worse performing component beyond 20%
|
Call: | At par plus 9.5% annualized if each underlying component closes at or above initial level on any semiannual call valuation date
|
Initial levels: | 1,492.82 for Russell for index and $68.91 for fund
|
Barrier levels: | 80% of initial levels
|
Pricing date: | Nov. 20
|
Settlement date: | Nov. 24
|
Agent: | Barclays
|
Fees: | 0.05%
|
Cusip: | 06744CMS7
|
|
|
© 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.