New Issue: Barclays prices $9.41 million 7.22% fixed-coupon autocallables on indexes

By Wendy Van Sickle

Columbus, Ohio, Jan. 28 – Barclays Bank plc priced $9.41 million of 7.22% autocallable fixed-coupon notes due Oct. 28, 2020 linked to the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If each index closes above its initial level on any monthly call observation date after three months, the notes will be automatically called at par plus the coupon.

The payout at maturity will be par unless any index finishes below its level and any index ever closes below its 70% barrier level during the life of the notes, in which case investors will lose 1% for each 1% decrease of the least performing index.

Barclays is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying indexes:	Nasdaq-100 index, S&P 500 index, Russell 2000 index
Amount:	$9,405,000
Maturity:	Oct. 28, 2020
Contingent payment:	7.22%, payable monthly
Price:	Par
Call:	Automatically at par if each index finishes above its initial level on any monthly call observation date after three months
Payout at maturity:	Par unless any index finishes below initial level and any index ever closes below barrier, in which case 1% loss for each 1% loss of least performing index
Initial levels:	9,141.47 for Nasdaq, 1,662.232 for Russell and 3295.47 for S&P
Barrier levels:	6,399.03 for Nasdaq, 1,163.5624 for Russell and 2,306.829 for S&P; 70% of initial levels
Pricing date:	Jan. 24
Settlement date:	Jan. 29
Agent:	Barclays
Fees:	0.44%
Cusip:	06747NZW7

© 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.