Published on 1/18/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.83 million 6% buffered autocallables linked to Russell, S&P
By Devika Patel
Knoxville, Tenn., Jan. 18 – Barclays Bank plc priced $6.83 million of 6% buffered autocallable notes due July 18, 2018 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be called at par if each index closes at or above its initial level on July 12, 2017 or Jan. 12, 2018.
If the return of the lesser-performing index is at least negative 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for every 1% decline of the lesser-performing index beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered autocallable notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $6,826,000
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Maturity: | July 18, 2018
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Coupon: | 6%, payable quarterly
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Price: | Par
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Payout at maturity: | Par unless either index falls by more than 20%, in which case 1.25% loss per 1% decline of lesser-performing index beyond 20%
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Call: | Automatically at par if each index closes at or above initial level on July 5, 2017 or Jan. 4, 2018
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Initial index levels: | 1,361.07 for Russell 2000 and 2,270.44 for S&P 500
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Pricing date: | Jan. 13
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Settlement date: | Jan. 19
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Agent: | Barclays
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Fees: | 0.05%
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Cusip: | 06741VGW6
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