Published on 11/25/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.24 million annual autocallables linked to Euro Stoxx 50, S&P 500
New York, Nov. 25 – Barclays Bank plc priced $1.24 million of 0% annual autocallable notes due Nov. 25, 2019 linked to the lesser performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 11.5% per year if each index closes at or above its initial level on any annual call valuation date.
If the notes are not called and the final level of the lesser-performing index is greater than or equal to its barrier level, 70% of its initial level, the payout at maturity will be par plus the digital percentage of 10%.
Otherwise, investors will be fully exposed to the decline of the lesser-performing index from its initial level.
Barclays is the agent.
The estimated value of the notes on the pricing date is $957.00 per $1,000 principal amount.
| Issuer: | Barclays Bank plc
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| Issue: | Annual autocallable notes
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| Underlying index: | Euro Stoxx 50 and S&P 500
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| Amount: | $1,243,000
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| Maturity: | Nov. 25, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of lesser-performing index is greater than or equal to barrier level, par plus 10%; otherwise, full exposure to decline of lesser-performing index from initial level
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| Call: | Automatically at par plus 11.5% per year if each index closes at or above its initial level on any annual call valuation date
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| Initial index levels: | 3,452.45 for Euro Stoxx 50 and 2,089.17 for S&P 50
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| Barrier levels: | 2,416.72 for Euro Stoxx 50 and 1,462.42 for S&P 500; 70% of initial levels
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| Pricing date: | Nov. 20
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| Settlement date: | Nov. 30
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| Agent: | Barclays
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| Fees: | 2.15%
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| Cusip: | 06741UR55
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