Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for Oracle Corp. > News item |
Barclays plans contingent yield trigger autocallables linked to Oracle
By Susanna Moon
Chicago, Oct. 19 – Barclays Bank plc plans to price trigger autocallable contingent yield notes due Oct. 24, 2019 linked to Oracle Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7% if the stock closes at or above its 69% to 74% coupon barrier on the observation date for that quarter.
The notes will be called at par if the stock closes at or above its initial level on any quarterly observation date beginning April 21, 2017.
The payout at maturity will be par plus the contingent coupon unless the stock finishes below the 69% to 74% downside threshold level, in which case investors will lose 1% for each 1% decline.
The exact deal terms, including coupon barrier and downside thresholds, will be set at pricing.
UBS Financial Services Inc. and Barclay are the agents.
The notes will price on Oct. 21 and settle on Oct. 26.
The Cusip number is 06745R867.
© 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.