New Issue: Barclays sells $1.05 million autocallable contingent coupon notes on stock, indexes

By Wendy Van Sickle

Columbus, Ohio, April 9 – Barclays Bank plc priced $1.05 million of autocallable contingent coupon notes due April 8, 2027 linked to the performance of the Nasdaq-100 index, the shares of Deckers Outdoor Corp. and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon of at a 12.25% annualized rate if each asset closes at or above its 70% coupon barrier value on the related observation date. Previously unpaid coupons, if any, will be automatically included whenever a coupon is paid.

The notes will be called automatically at par plus the coupon if each asset closes at or above its initial level on any quarterly call observation date after six months.

The payout at maturity will be par plus the final coupon, if any, if each asset finishes at or above 60% of initial level.

Otherwise, investors will lose 1% for each 1% decline of the worst performer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable contingent coupon notes
Underlying assets:	Nasdaq-100 index, Deckers Outdoor Corp. and S&P 500 index
Amount:	$1.05 million
Maturity:	April 8, 2027
Contingent coupon:	12.25% annual rate, payable monthly if each asset closes at or above coupon barrier level on related observation date; coupon payment events will automatically include any previously unpaid coupons
Price:	Par
Payout at maturity:	Par plus final coupon, if any, unless any asset finishes below barrier level, in which case 1% loss for each 1% decline of the worst performer
Call:	At par plus coupon if each asset closes at or above initial level on any quarterly observation date after six months
Initial levels:	17,878.78 for Nasdaq, $877.82 for Deckers Outdoor, 5,147.21 for S&P
Coupon barrier levels:	12,515.15 for Nasdaq, $614.47 for Deckers Outdoor, 3,603.05 for S&P; 70% of initial levels
Barrier levels:	10,727.27 for Nasdaq, $526.69 for Deckers Outdoor, 3,088.33 for S&P; 60% of initial levels
Pricing date:	April 4
Settlement date:	April 9
Agent:	Barclays
Fees:	0.75%
Cusip:	06745QHJ1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.