By Susanna Moon
Chicago, March 28 – Barclays Bank plc priced $11.25 million of 0% autocallable market-linked step-up notes due March 28, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 14.2% if the index closes at or above its initial level on either annual call observation date.
If the index finishes above the step-up level of 130% of the initial level, the payout at maturity will be par plus the index gain.
If the index finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up return of 30%.
Otherwise, investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
| Issuer: | Barclays Bank plc
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| Issue: | Market-linked step-up autocallable notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $11,251,530
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| Maturity: | March 28, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus a call premium of 14.2% per year if the index closes at or above its initial level on April 6, 2017 or March 22, 2018
|
| Payout at maturity: | If the index finishes above the step-up level, par plus the index gain; if index finishes at or below the step-up level but at or above the initial level, par plus 30%; exposure to any losses
|
| Initial level: | 3,042.42
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| Step-up level: | 3,955.15, 130% of initial level
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| Pricing date: | March 23
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| Settlement date: | March 31
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06740C147
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