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Published on 10/2/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3.23 million of 6.6% autocallables tied to four stocks

By Susanna Moon

Chicago, Oct. 2 – Barclays Bank plc priced $3.23 million of 6.6% autocallable notes due Sept. 30, 2020 linked to the least performing of the class A common stock of Facebook, Inc., the common stocks of Amazon.com, Inc. and Apple, Inc. and the class C common stock of the Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each stock closes at or above its initial level on any quarterly determination date.

The payout at maturity will be par unless any stock finishes below its 60% barrier level, in which case investors will lose 1% for each 1% decline of the worst performing stock.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable notes
Underlying stocks:Facebook, Inc. (Symbol: FB), Amazon.com, Inc. (Symbol: AMZN), Apple, Inc. (Symbol: AAPL) and Alphabet Inc. (Symbol: GOOG)
Amount:$3,233,000
Maturity:Sept. 30, 2020
Coupon:6.6%, payable monthly
Price:Par
Payout at maturity:Par unless any stock finishes below its barrier price, in which case investors will lose 1% for each 1% decline of the worst performing stock
Call:At par if each stock closes at or above its initial level on any quarterly determination date
Initial share prices:$164.21 for Facebook, $938.60 for Amazon, $153.14 for Apple and $924.86 for Alphabet
Barrier levels:$98.53 for Facebook, $563.16 for Amazon, $91.88 for Apple and $554.92 for Alphabet; 60% of initial share prices
Pricing date:Sept. 26
Settlement date:Sept. 29
Agent:Barclays
Fees:3.25%
Cusip:06744C2Y6

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