Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Barclays Bank plc > News item |
Barclays plans to price phoenix autocallable notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., Nov. 22 – Barclays Bank plc plans to price phoenix autocallable notes Nov. 29, 2029 linked to the least performing of the Russell 2000 index and the S&P 500 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 5% if each index closes at or above its 60% coupon barrier on a related observation date.
After one year, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly observation date other than the final date.
The payout at maturity will be par plus the coupon, if any, unless either index finishes below 60% of its initial value, in which case investors will be fully exposed to the decline of the least performing index.
Barclays is the agent.
The notes will price on Nov. 25.
The Cusip number is 06747NNV2.
© 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.