New Issue: Barclays prices $750,000 autocallable notes tied to Russell, ETF

By Wendy Van Sickle

Columbus, Ohio, Nov. 14 – Barclays Bank plc priced $750,000 of 0% autocallable notes due Oct. 31, 2024 linked to the least performing index of the Russell 2000 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized call premium of 10.5% if each underlying closes at or above its initial level on any annual call valuation date.

If the notes are not called and the final level of the least-performing underlying is at least 70% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the least-performing underlying from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying assets:	Russell 2000 index and Shares MSCI Emerging Markets ETF
Amount:	$750,000
Maturity:	Oct. 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the final level of the least-performing underlying is at least 70% of its initial level, par; otherwise, 1% loss for each 1% decline of the least-performing underlying from its initial level
Call:	At par plus an annualized call premium of 10.5% if each underlying closes at or above its initial level on any annual call valuation date
Initial levels:	1,571.93 for Russell, $42.95 for fund
Barrier levels:	1,100.35 for Russell, $30.07 for fund, 70% of initial levels
Pricing date:	Oct. 29
Settlement date:	Oct. 31
Agent:	Barclays
Fees:	3.35%
Cusip:	06747NP65

© 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.