By Toni Weeks
San Luis Obispo, Calif., Feb. 4 – Barclays Bank plc priced $2 million of 0% autocallable trigger Performance Leveraged Upside Securities due Feb. 2, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the call threshold level, 115% of the initial level, on the Feb. 5, 2016 call observation date, the securities will be automatically redeemed at the early redemption payment of $11.50 per $10.00 principal amount.
If the notes are not called and the index finishes above its initial level, the payout at maturity will be par plus 118% times the gain.
If the index falls by up to the 85% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Barclays is the agent, and Morgan Stanley Smith Wealth Management is the dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable trigger Performance Leveraged Upside Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $2,004,430
|
| Maturity: | Feb. 2, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes above initial level, par plus 118% of the gain; par if index falls by up to the 85% trigger level; full exposure to losses if index falls below 85% trigger level
|
| Call: | At $11.50 per $10.00 note if index closes at or above call threshold level on Feb. 5, 2016
|
| Initial index level: | 1,165.392
|
| Call threshold level: | 1,340.201, 115% of initial level
|
| Trigger level: | 990.583, 85% of initial level
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 4
|
| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 06743N801
|
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