New Issue: Barclays sells $616,000 contingent coupon autocalls on oil ETF

By Sarah Lizee

Olympia, Wash., Feb. 7 – Barclays Bank plc priced $616,000 of autocallable notes due April 30, 2021 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent monthly coupon at an annual rate of 10% if the ETF closes at or above its 65% coupon barrier on the observation date for that month.

The notes will be called at par if the asset closes at or above its initial level on any monthly call valuation date after six months.

If the notes are not called, the payout at maturity will be par unless the asset ever closes below its 65% knock-in level during the life of the notes, in which case investors will be exposed to any losses of the ETF.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying asset:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$616,000
Maturity:	April 30, 2021
Coupon:	10% annualized, payable monthly if ETF closes at or above its coupon barrier on observation date for that month
Price:	Par
Call:	At par if asset closes at or above its initial level on any monthly call valuation date other than final date after six months
Payout at maturity:	Par unless asset ever falls by more than barrier level, in which case 1% loss per 1% decline of the ETF
Initial level:	$19.97
Coupon barrier level:	$12.98, 65% of initial levels
Barrier level:	$12.98, 65% of initial levels
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agents:	UBS Financial Services Inc. and Barclays
Fees:	2.175%
Cusip:	06747NYT5

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