Published on 1/9/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.5 million 6.24% notes linked to Russell 2000, iShares MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Jan. 9 – Barclays Bank plc priced $1.5 million of 6.24% notes due Dec. 28, 2015 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the return of the lowest-performing underlying component is less than negative 15%, in which case investors will lose 1.17647% for every 1% that the lowest-performing underlying component declines below 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying components: | Russell 2000 index and iShares MSCI EAFE ETF
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Amount: | $1.5 million
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Maturity: | Dec. 28, 2015
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Coupon: | 6.24%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless return of lowest-performing underlying component is less than negative 15%, in which case 1.17647% loss for every 1% that lowest-performing underlying component declines below 15%
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Initial levels: | 1,161.31 for index and $58.48 for ETF
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Pricing date: | Jan. 7
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Settlement date: | Jan. 12
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741UPD0
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