By Marisa Wong
Morgantown, W.Va., Sept. 8 – Barclays Bank plc priced $415,000 of phoenix autocallable notes due Aug. 31, 2018 linked to the least performing of the common stocks of Google Inc., Comcast Corp. and CVS Health Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent coupon at an annual rate of 9.4% if each stock closes at or above its barrier level, 70% of its initial share price, on the observation date for that month.
The notes will be called at par plus the contingent coupon if each stock closes at or above its initial price on any quarterly observation date.
The payout at maturity will be par plus the contingent coupon, if any, unless any stock finishes below its 60% barrier level, in which case investors will lose 1% for every 1% that the final share price of the worst-performing stock is less than its initial share price.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Phoenix autocallable notes
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| Underlying stocks: | Google Inc., Comcast Corp. and CVS Health Corp.
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| Amount: | $415,000
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| Maturity: | Aug. 31, 2018
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| Coupon: | 9.4% per year, payable monthly if stocks close at or above their barrier prices on observation date for that month
|
| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless any stock finishes below barrier level, in which case 1% loss for every 1% that final share price of worst-performing stock is less than initial share price
|
| Call: | Automatically at par plus contingent coupon if each stock closes at or above initial price on any quarterly observation date
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| Initial share prices: | $659.69 for Google, $56.78 for Comcast, $104.18 for CVS
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| Coupon barrier price: | 70% of initial price
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| Barrier price: | 60% of initial price
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| Pricing date: | Aug. 28
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| Settlement date: | Sept. 2
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| Agent: | Barclays
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| Fees: | 2.9%
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| Cusip: | 06741UE59
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