By Jennifer Chiou
New York, Feb. 11 - Barclays Bank plc priced $1,324,200 of 0% trigger autocallable optimization securities due Feb. 13, 2019 linked to the common stock of CSX Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 9% per year if CSX shares close at or above the initial share price on any observation date, which occurs every quarter.
If the notes are not called and CSX shares finish at or above the trigger price, 73.5% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and Barclays are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying stock: | CSX Corp. (NYSE: CSX)
|
| Amount: | $1,324,200
|
| Maturity: | Feb. 13, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par if CSX shares finish at or above trigger price; otherwise, full exposure to share price decline
|
| Call: | Automatically at par plus 9% per year if CSX shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $27.25
|
| Trigger price: | $20.03, 73.5% of initial price
|
| Pricing date: | Feb. 7
|
| Settlement date: | Feb. 12
|
| Underwriters: | UBS Financial Services Inc. and Barclays
|
| Fees: | 2.5%
|
| Cusip: | 06742B550
|
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