New Issue: Barclays prices $1.64 million 12.75% autocallables tied to three stocks

By Susanna Moon

Chicago, Oct. 2 – Barclays Bank plc priced $1.64 million of 12.75% autocallable notes due Sept. 30, 2019 linked to the least performing of the common stocks of Marathon Oil Corp., Southwestern Energy Co. and Valero Energy Corp., 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 50% 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:	Marathon Oil Corp. (Symbol: MRO), Southwestern Energy Co. (Symbol: SWN) and Valero Energy Corp. (Symbol: VLO)
Amount:	$1,637,000
Maturity:	Sept. 30, 2019
Coupon:	12.75%, 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:	$13.40 for Marathon, $6.23 for Southwestern and $74.96 for Valero
Barrier levels:	$6.70 for Marathon, $3.12 for Southwestern and $37.48 for Valero; 50% of initial share prices
Pricing date:	Sept. 26
Settlement date:	Sept. 29
Agent:	Barclays
Fees:	3%
Cusip:	06744C2X8

© 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.