| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for Barclays Bank plc > News item |
Barclays plans trigger step performance securities on Russell 2000
By Marisa Wong
Madison, Wis., Aug. 5 - Barclays Bank plc plans to price 0% trigger step performance securities due Aug. 31, 2017 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the index return and the step return, which is expected to be 25% to 30% with the exact level to be set at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
Barclays and UBS Financial Services Inc. are the agents.
The notes will price on Aug. 27 and settle on Aug. 30.
The Cusip number is 06742D390.
© 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.