By Angela McDaniels
Tacoma, Wash., May 4 – Barclays Bank plc priced $12.14 million of contingent income autocallable securities due Aug. 2, 2018 linked to the worst performing of the MSCI Emerging Markets index, the Russell 2000 index and the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly payment of 3%, or 12% per year, if each index closes at or above its downside threshold level, 75% of its initial level, on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any determination date other than the final determination date.
The payout at maturity will be par unless any index finishes below its downside threshold level, in which case investors will be fully exposed to the decline of the worst-performing index.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Contingent income autocallable securities
|
| Underlying indexes: | MSCI Emerging Markets, Russell 2000 and Euro Stoxx Banks
|
| Amount: | $12,141,000
|
| Maturity: | Aug. 2, 2018
|
| Coupon: | 12% per year, payable quarterly if each index closes at or above downside threshold level on observation date for that quarter
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless any index finishes below downside threshold level, in which case exposure to decline of worst-performing index
|
| Call: | At par if each index closes at or above initial level on any quarterly determination date other than final date
|
| Initial levels: | 1,047.78 for MSCI Emerging Markets, 1,220.125 for Russell 2000 and 154.43 for Euro Stoxx Banks
|
| Downside thresholds: | 785.835 for MSCI Emerging Markets, 915.094 for Russell 2000 and 115.823 for Euro Stoxx Banks; 75% of initial levels
|
| Pricing date: | April 30
|
| Settlement date: | May 5
|
| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.75%
|
| Cusip: | 06743P392
|
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