Published on 4/6/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.83 million autocallable notes on four tech stocks
By Wendy Van Sickle
Columbus, Ohio, April 6 – Barclays Bank plc priced $3.83 million of 8.1% autocallable notes due March 31, 2021 linked to the least performing of the common stocks of Facebook, Inc., Apple Inc., Amazon.com, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if each stock closes at or above its initial level on any quarterly call date.
The payout at maturity will be par unless any stock finishes below its 60% barrier level, in which case investors will lose 1% for each 1% decline of the worst performing stock.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Autocallable notes
|
Underlying stocks: | Facebook, Inc., Apple Inc., Amazon.com, Inc. and Alphabet Inc.
|
Amount: | $3,833,000
|
Maturity: | March 31, 2021
|
Coupon: | 8.1%, payable monthly
|
Price: | Par of $1,000
|
Payout at maturity: | Par unless any stock finishes below its barrier price, in which case investors will lose 1% for each 1% decline of the worst performing stock
|
Call: | At par if each stock closes at or above its initial level on any quarterly determination date beginning June 26
|
Initial prices: | $160.06 for Facebook, $1,555.86 for Amazon, $1,053.21 for Alphabet, $172.77 for Apple
|
Barrier levels: | $96.036 for Facebook, $933.516 for Amazon, $631.926 for Alphabet, $103.66 for Apple; 60% of initial levels
|
Pricing date: | March 26
|
Settlement date: | March 29
|
Agent: | Barclays
|
Fees: | 3.25%
|
Cusip: | 06744CYU9
|
|
© 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.