Barclays has issued an 18-month worst-of structured product tied to the Euro Stoxx 50 and Russell 2000 indexes. The product is an income-paying autocallable that delivers fixed coupons of 6.83% per annum. The coupons are paid monthly at a rate of 0.57% each.
The product can mature early, paying investors their initial capital back plus the coupon for the period if both underlyings are at or above 100% of their initials on a given observation date.Points for
1. High income of 6.83% paid monthly