By Marisa Wong
Madison, Wis., June 18 – Barclays Bank plc priced $1.18 million of phoenix autocallable notes due June 19, 2015 linked to lululemon athletica inc. 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 11.55% if lululemon stock closes at or above the barrier price, 65% of the initial price, on a monthly observation date.
The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on any observation date.
If the notes are not called and lululemon shares finish at or above the barrier price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be exposed to any losses.
Barclays is the agent.
| Issuer: | Barclay Bank plc
|
| Issue: | Phoenix autocallable notes
|
| Underlying stock: | lululemon athletica inc. (Symbol: LULU)
|
| Amount: | $1,176,000
|
| Maturity: | June 19, 2015
|
| Coupon: | 11.55% per year, payable monthly if lululemon stock closes at or above barrier price on monthly observation date
|
| Price: | Par
|
| Payout at maturity: | If lululemon shares finish at or above barrier price, par plus contingent coupon; otherwise, investors will be exposed to any losses
|
| Call: | At par plus contingent coupon if shares close at or above the initial price on any observation date
|
| Initial price: | $37.61
|
| Barrier price: | $24.45, 65% of initial price
|
| Pricing date: | June 16
|
| Settlement date: | June 19
|
| Agent: | Barclays
|
| Fees: | 0.4%
|
| Cusip: | 06741JT41
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
