New Issue: Barclays prices $1.45 million callable contingent coupon notes on Russell, Stoxx

By Susanna Moon

Chicago, Dec. 9 – Barclays Bank plc priced $1.45 million of callable contingent coupon notes due Nov. 30, 2026 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 10% if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

The notes are callable in whole but not in part at par on any interest payment date.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying indexes:	Russell 2000, Euro Stoxx 50
Amount:	$1,445,000
Maturity:	Nov. 30, 2026
Coupon:	10% annualized, payable for each quarter that each index closes at or above coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless either index finishes below barrier level, in which case full exposure to any losses of worse performing index
Call option:	At par on any interest payment date beginning in November 2017
Initial levels:	1,329.83 for Russell, 3,016.80 for Stoxx
Coupon barriers:	930.88 for Russell, 2,111.76 for Stoxx; 70% of initial levels
Trigger levels:	664.92 for Russell, 1,508.40 for Stoxx; 50% of initial levels
Pricing date:	Nov. 28
Settlement date:	Nov. 30
Agent:	Barclays
Fees:	4%
Cusip:	06741VDQ2

© 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.