New Issue: Barclays prices $12.41 million contingent income autocallables linked to indexes

By Wendy Van Sickle

Columbus, Ohio, March 10 – Barclays Bank plc priced $12.41 million of contingent income autocallable securities due March 6, 2025 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 8.5% per year if each index closes at or above its coupon barrier, 80% of its initial level, on the determination date for that quarter.

After six months, the notes will be automatically called at par if each index closes at or above its initial level on any quarterly determination date other than the final determination date.

The payout at maturity will be par unless any index finishes below its downside threshold level, 65% of its initial level, in which case investors will lose 1% for every 1% that the least-performing index declines from its initial level.

Barclays is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	Barclays Bank plc
Issue:	Contingent income autocallable securities
Underlying indexes:	Dow Jones industrial average, Russell 2000 and S&P 500
Amount:	$12,411,000
Maturity:	March 6, 2025
Coupon:	8.5% per year, payable quarterly if each index closes at or above coupon barrier on determination date quarter
Price:	Par
Payout at maturity:	Par unless any index finishes below downside threshold level, in which case exposure to decline of least-performing index
Call:	After six months, automatically at par if each index closes at or above initial level on any determination date other than final determination date
Initial levels:	25,917.41 for Dow, 1,486.083 for Russell, 3,003.37 for S&P
Coupon barriers:	20,733.928 for Dow, 1,188.866 for Russell, 2,402.696 for S&P, or 80% of initial levels
Downside thresholds:	16,846.317 for Dow, 965.954 for Russell, 1,952.91 for S&P, or 65% of initial levels
Pricing date:	March 3
Settlement date:	March 6
Agent:	Barclays
Distribution:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	06747PG52

© 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.