By Susanna Moon
Chicago, July 31 – Barclays Bank plc priced $2.8 million of callable contingent payment notes due Aug. 2, 2018 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.15% if each index closes at or above its coupon barrier level, 65% of the initial level, on a quarterly valuation date.
The notes are callable at par plus the contingent coupon on any interest payment date.
The payout at maturity will be par unless any index finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Callable contingent payment notes
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Underlying indexes: | S&P 500 index, Russell 2000 index and Euro Stoxx 50 index
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Amount: | $2.8 million
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Maturity: | Aug. 2, 2018
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Coupon: | 9.15% per year, payable quarterly if each index closes at or above barrier level on valuation date for that quarter
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Price: | Par
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Payout at maturity: | Par unless either index finishes below barrier level, in which case full exposure to any losses of worst performing index
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Call option: | At par on any interest payment date
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Barrier levels: | 65% of initial levels
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Pricing date: | July 28
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Settlement date: | July 31
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Agent: | Barclays
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Fees: | 1.75%
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Cusip: | 06741UA38
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