New Issue: Barclays prices $5.75 million 6.3% callable yield notes linked to S&P 500, Russell

By Toni Weeks

San Diego, Sept. 5 - Barclays Bank plc priced $5.75 million of 6.3% callable yield notes due Sept. 6, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par on any interest payment date after one year.

The payout at maturity will be par unless either index falls below its barrier level - 50% of its initial level - on the Aug. 31, 2017 final valuation day, in which case investors will receive par plus the return of the worst-performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$5.75 million
Maturity:	Sept. 6, 2017
Coupon:	6.3%, payable quarterly
Price:	Par
Payout at maturity:	Par, unless either index falls below 50% of its initial level on Aug. 31, 2017, in which case par plus return of worst-performing index
Initial levels:	1,406.58 for S&P 500, 812.09 for Russell
Barrier levels:	703.29 for S&P 500, 406.05 for Russell, 50% of initial levels
Call option:	At par on any interest payment date beginning Sept. 6, 2013
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	Barclays
Fees:	1.5%
Cusip:	06741TFC6

© 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.