By Marisa Wong
Madison, Wis., Sept. 30 - Barclays Bank plc priced $5.19 million of trigger phoenix autocallable optimization securities due Sept. 28, 2018 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If Ford stock closes at or above the 61.5% trigger level on a monthly observation date, the notes will pay a contingent coupon at an annual rate of 7% for that month.
If the shares close at or above the initial price on a monthly observation date after one year, the notes will be called at par of $10 plus the contingent coupon after one year.
If the notes are not called and Ford shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be exposed to any losses.
UBS Financial Services Inc. and Barclays are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger phoenix autocallable optimization securities
|
| Underlying stock: | Ford Motor Co. (Symbol: F)
|
| Amount: | $5,193,150
|
| Maturity: | Sept. 28, 2018
|
| Coupon: | 7% per year, payable monthly if stock closes at or above trigger price on observation date for that month
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus contingent coupon if Ford shares finish at or above trigger price; otherwise, full exposure to any losses
|
| Call: | At par plus contingent coupon if Ford shares close at or above initial price on a monthly observation date after one year
|
| Initial share price: | $17.27
|
| Trigger price: | $10.62, 61.5% of initial share price
|
| Pricing date: | Sept. 26
|
| Settlement date: | Sept. 30
|
| Underwriters: | UBS Financial Services Inc. and Barclays
|
| Fees: | 2.5%
|
| Cusip: | 06742E604
|
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