New Issue: Barclays prices $5.25 million 8.5% callable notes on three indexes

By Marisa Wong

Morgantown, W.Va., Sept. 16 – Barclays Bank plc priced $5.25 million of 8.5% fixed coupon callable securities due Sept. 13, 2018 linked to the worst performing of the Nikkei 225 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par on any interest payment date other than the final one.

The payout at maturity will be par unless any index finishes below the 75% downside threshold level, in which case investors will be fully exposed to any losses of the worst performing index.

Barclays is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:	Barclays Bank plc
Issue:	Fixed coupon callable securities
Underlying indexes:	Nikkei 225 index, S&P 500 index and Euro Stoxx 50 index
Amount:	$5,249,000
Maturity:	Sept. 13, 2018
Coupon:	8.5%, payable quarterly
Price:	Par of $1,000
Payout at maturity:	Par unless any index finishes below downside threshold level, in which case investors will be fully exposed to any losses of the worst performing index
Call option:	At par on any interest payment date other than the final one
Initial levels:	16,965.76 for Nikkei, 2,127.81 for S&P, 3,053.20 for Euro Stoxx
Downside thresholds:	12,724.320 for Nikkei, 1,595.858 for S&P, 2,289.900 for Euro Stoxx; 75% of initial levels
Pricing date:	Sept. 9
Settlement date:	Sept. 14
Agent:	Barclays with Morgan Stanley Wealth Management handling distribution
Fees:	2%
Cusip:	06741VB76

© 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.