New Issue: Barclays prices $3 million buffered autocallables on Russell, iShares MSCI EAFE

New York, May 11 – Barclays Bank plc priced $3 million of 0% buffered autocallable notes due Nov. 15, 2018 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will be called at par plus a call premium if each underlying closes at or above its initial level on a call valuation date. The premium is 5.2% for the Nov. 8, 2017 valuation date, 10.4% for the May 8, 2018 valuation date and 15.6% for the Nov. 9, 2018 valuation date.

If the return of the lesser-performing underlying 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 underlying beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered autocallable notes
Underlyings:	Russell 2000 index, iShares MSCI EAFE ETF
Amount:	$3 million
Maturity:	Nov. 15, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either underlying closes below 20% buffer in which case 1.25% loss for each decline of lowest performing underlying beyond 20%
Call:	Par plus a call premium if each underlying closes at or above its initial level on a call valuation date; premium is 5.2% for the Nov. 8, 2017 valuation date, 10.4% for the May 8, 2018 valuation date and 15.6% for the Nov. 9, 2018 valuation date
Initial levels:	1,391.64 for Russell 2000, $65.10 for MSCI EAFE ETF
Pricing date:	May 9
Settlement date:	May 12
Agent:	Barclays
Fees:	0.2%
Cusip:	06741VVE9

© 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.