New Issue: Barclays prices $805,000 fixed-coupon autocallable notes on Boeing

By Taylor Fox

New York, Feb. 16 – Barclays Bank plc priced $805,000 of 12.5% fixed-coupon autocallable notes due Jan. 14, 2022 linked to the common stock of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

If the stock closes at or above its initial price on a quarterly determination date, the notes will be automatically called at par plus the coupon.

If the stock finishes above its initial level or never closes below the 60% barrier level on any day during the life of the notes, the payout at maturity will be par plus the final coupon. Otherwise, the payout will be a number of shares equal to $1,000 divided by the initial share price or, at the issuer’s option, a cash amount equal to the value of those shares.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Fixed coupon autocallable notes
Underlying stock:	Boeing Co.
Amount:	$805,000
Maturity:	Jan. 14, 2022
Coupon:	12.5%, payable quarterly
Price:	Par
Payout at maturity:	Par plus the coupon unless the final level of the stock is below its initial level and the stock closes below 60% of its initial level on any day during the life of the notes, in which case 4.76417 shares or the cash value of those shares
Call:	Automatically at par if the stock closes at or above its redemption threshold level, 100% of initial level, on a quarterly determination date
Initial share price:	$209.90
Barrier level:	$125.94; 60% of initial level
Pricing date:	Jan. 11
Settlement date:	Jan. 14
Underwriter:	Barclays
Fees:	1.25%
Cusip:	06741WNT3

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