By Marisa Wong
Morgantown, W.Va., Aug. 29 – Barclays Bank plc priced $13.97 million of 0% autocallable market-linked step-up notes due Aug. 29, 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 14.3% 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 140% 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 40%.
Otherwise, investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable market-linked step-up notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $13,967,270
|
| Maturity: | Aug. 29, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Call: | At par plus a call premium of 14.3% per year if the index closes at or above its initial level on Sept. 7, 2017 or Aug. 23, 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 40%; exposure to any losses
|
| Initial level: | 2,987.69
|
| Step-up level: | 4,182.77, 140% of initial level
|
| Pricing date: | Aug. 25
|
| Settlement date: | Sept. 1
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06745B862
|
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