By Marisa Wong
Madison, Wis., Jan. 16 – Barclays Bank plc priced $1.32 million of phoenix autocallable notes due Jan. 21, 2016 linked to GameStop Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 15% if the stock closes at or above the coupon barrier, 59% of the initial share price, on the observation date for that month.
The notes will be called at par if GameStop shares close at or above the initial share price on any monthly observation date beginning on March 16.
The payout at maturity will be par unless the stock finishes below the 59% trigger level, in which case investors will be fully exposed to any losses.
Barclays is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Phoenix autocallable notes
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| Underlying stock: | GameStop Corp. (Symbol: GME)
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| Amount: | $1.32 million
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| Maturity: | Jan. 21, 2016
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| Coupon: | 15%, payable monthly if stock closes at or above trigger price on observation date for that month
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon if GameStop shares finish at or above trigger price; otherwise, par plus stock return
|
| Call: | At par if GameStop shares close at or above initial share price on any monthly observation date beginning on March 16
|
| Initial share price: | $33.77
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| Trigger price: | $19.92, 59% of initial price
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| Pricing date: | Jan. 14
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| Settlement date: | Jan. 20
|
| Underwriter: | Barclays
|
| Fees: | 1.25%
|
| Cusip: | 06741JY94
|
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