New Issue: Barclays sells $1.74 million phoenix autocallables linked to Amazon

By Sarah Lizee

Olympia, Wash., Dec. 12 – Barclays Bank plc priced $1.74 million of phoenix autocallable notes due June 10, 2021 linked to Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.5% if the underlying asset closes at or above its 70% coupon barrier on the related observation date.

Beginning in June, the notes will be called at par plus the contingent coupon if the asset closes at or above its initial price on any quarterly observation date other than the final date.

The payout at maturity will be par unless the underlying asset ever closes below its 70% barrier during the life of the notes, in which case investors will be exposed to any losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying asset:	Amazon.com, Inc.
Amount:	$1,744,000
Maturity:	June 10, 2021
Coupon:	9.5% annualized, payable quarterly if asset closes at or above coupon barrier on related quarterly observation date
Price:	Par
Payout at maturity:	Par plus contingent coupon unless asset ever closes below barrier, in which case 1% loss per 1% decline
Call:	At par plus contingent coupon if asset closes at or above initial price on any quarterly observation date other than final date beginning in June 2019
Initial price:	$1,629.13
Coupon barrier:	$1,140.39, 70% of initial price
Barrier:	$1,140.39, 70% of initial price
Pricing date:	Dec. 7
Settlement date:	Dec. 12
Agent:	Barclays
Fees:	2.45%
Cusip:	06747M3V6

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