By Susanna Moon
Chicago, Oct. 26 – Barclays Bank plc priced $1.1 million of trigger autocallable contingent yield notes due Oct. 17, 2023 linked to the lesser performing of the iShares MSCI EAFE ETF and the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 8.1% if each underlying fund closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if each fund closes at or above its initial level on any quarterly observation date after one year.
The payout at maturity will be par unless either fund finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing fund.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
|
Issue: | Trigger autocallable contingent yield notes
|
Underlying funds: | iShares MSCI EAFE ETF and iShares Russell 2000 ETF
|
Amount: | $1,096,000
|
Maturity: | Oct. 17, 2023
|
Coupon: | 8.1% annualized, payable quarterly if each fund closes at or above its 70% coupon barrier on observation date for that quarter
|
Price: | Par of $10
|
Payout at maturity: | If each fund finishes at or above trigger level, par; otherwise, 1% loss per 1% decline of worst performing fund
|
Call: | At par if fund closes at or above initial level on each quarterly observation date beginning Oct. 15, 2019
|
Initial levels: | $63.85 for EAFE fund and $153.60 Russell fund
|
Trigger levels: | $44.70 for EAFE fund and $107.52 Russell fund, 70% of initial levels
|
Pricing date: | Oct. 12
|
Settlement date: | Oct. 17
|
Agents: | UBS Financial Services Inc. and Barclays
|
Fees: | 2.5%
|
Cusip: | 06746U232
|
|
|
© 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.