Barclays plans five-year market-linked step-up autocalls on Stoxx 50

By Susanna Moon

Chicago, June13 – Barclays Bank plc plans to price 0% autocallable market-linked step-up notes due June 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 11.5% to 12.5% if the index closes at or above its initial level on any annual observation date.

If the index finishes above the step-up level – 150% of the initial level – the payout at maturity will be par of $10 plus the index gain.

If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 50%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.

BofA Merrill Lynch is the agent.

The notes will price and settle in June.

© 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.