Published on 11/16/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.07 million 6% contingent yield trigger autocallables tied to two indexes
By Susanna Moon
Chicago, Nov. 16 – Barclays Bank plc priced $4.07 million of trigger autocallable contingent yield notes due Nov. 16, 2027 linked to the lesser performing of the MSCI Emerging Markets index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6% if each index closes at or above its 56.25% coupon barrier on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any observation date after one year.
The payout at maturity will be par unless either index finishes below its 56.25% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying indexes: | MSCI Emerging Markets, Russell 2000
|
| Amount: | $4,073,540
|
| Maturity: | Nov. 16, 2027
|
| Coupon: | 6% per year, payable quarterly if each index closes at or above its 56.25% coupon barrier on observation date for that quarter
|
| Price: | Par of $10
|
| Payout at maturity: | If each index finishes at or above downside threshold, par; otherwise, 1% loss for each 1% decline of worse performing index
|
| Call: | At par if each index closes at or above its initial level on any quarterly observation date beginning Nov. 14, 2018
|
| Initial levels: | 1,128.49 for MSCI EM, 1,475.275 for Russell
|
| Downside thresholds: | 634.78 for MSCI EM, 829.842 for Russell; 56.25% of initial levels
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 15
|
| Agents: | UBS Financial Services Inc. and Barclays
|
| Fees: | 3.5%
|
| Cusip: | 06746N816
|
|
|
|
|
© 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.
