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Published on 11/1/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.31 million autocallable notes tied to tech stocks

By Wendy Van Sickle

Columbus, Ohio, Nov. 1 – Barclays Bank plc priced $1.31 million of 9.05% autocallable notes due Oct. 31, 2022 linked to the least performing stock of the common stocks of Netflix, Inc., Amazon.com, Inc., Apple Inc. and the class C common stock of the Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be automatically called at par if each stock closes above its initial level on any quarterly observation date after six months.

If the notes are not called, investors will receive par if each stock finishes above it 60% final barrier level and will be fully exposed to the decline of the worst performing stock otherwise.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable notes
Underlying assets:Netflix, Inc., Amazon.com, Inc., Apple Inc. and the Alphabet Inc.
Amount:$1,307,000
Maturity:Oct. 31, 2022
Coupon:9.05%, payable monthly
Price:Par
Payout at maturity:Par unless final level of the least-performing underlying is less than 60% barrier level; otherwise, 1% loss for each 1% decline of the least-performing stock
Call:At par if each stock closes above initial level on any quarterly call observation date after six months
Initial levels:$281.86 for Netflix, $1,777.08 for Amazon, $249.05 for Apple and $1,290.00 for Alphabet
Final barrier levels:$169.12 for Netflix, $1,066.25 for Amazon, $149.43 for Apple and $774.00 for Alphabet, 60% of initial levels
Pricing date:Oct. 28
Settlement date:Oct. 31
Agent:Barclays
Fees:3.25%
Cusip:06741WFK1

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