Published on 10/22/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.1 million annual autocallable notes on Euro Stoxx 50, FTSE 100
By Toni Weeks
San Luis Obispo, Calif., Oct. 22 - Barclays Bank plc priced $2.1 million of 0% annual autocallable notes due Oct. 21, 2016 linked to the lesser performing of the Euro Stoxx 50 index and the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized call price of 13.5% if each index closes at or above its initial level on any of three annual call valuation dates.
If the notes are not called and the final level of the lesser-performing index is at least 80% of its initial level, the payout at maturity will be par. Otherwise, investors will be exposed to the decline of the lesser-performing index from its initial level.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Annual autocallable notes
|
Underlying indexes: | Euro Stoxx 50 and FTSE 100
|
Amount: | $2.1 million
|
Maturity: | Oct. 21, 2016
|
Coupon: | 0%
|
Price: | Par
|
Call: | Par plus call premium of 13.5% per year if both indexes close at or above their respective call levels on any of three annual valuation dates
|
Payout at maturity: | Par if final level of lesser-performing index is at least 80% of initial level; otherwise, full exposure to decline of lesser-performing index
|
Initial index levels: | 3,033.31 for Euro Stoxx 50 and 6,622.58 for FTSE 100
|
Barrier levels: | 2,426.65 for Euro Stoxx 50 and 5,298.06 for FTSE 100; 80% of initial levels
|
Pricing date: | Oct. 18
|
Settlement date: | Oct. 23
|
Agent: | Barclays
|
Fees: | 2.3%
|
Cusip: | 06741TQ67
|
© 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.