Published on 5/7/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $893,000 buffered autocalls on three stocks
By Wendy Van Sickle
Columbus, Ohio, May 7 – Barclays Bank plc priced $893,000 of buffered autocallable notes due April 29, 2022 linked to the common stocks of EOG Resources, Inc., salesforce.com, inc. and Zebra Technologies Corp, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a coupon at an annual rate of 14.4% if each stock closes above its 70% coupon barrier on. a quarterly review date.
If each underlying stock closes at or above its initial level on any quarterly review date after six months, the notes will be called at par plus any coupon.
If the return of the least-performing underlying is at least negative 20%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the least-performing underlying beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered autocallable notes
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| Underlying stocks: | EOG Resources, Inc., salesforce.com, inc. and Zebra Technologies Corp.
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| Amount: | $893,000
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| Maturity: | April 29, 2022
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| Coupon: | 14.4%, payable quarterly if each stock closes above coupon barrier on related review date
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| Price: | Par
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| Payout at maturity: | Par unless any underlying falls by more than 20%, in which case 1% loss per 1% decline of least-performing underlying beyond 20%
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| Call: | Automatically at par plus any coupon if each underlying stock closes at or above initial level on any quarterly review date after six months
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| Initial levels: | $97.88 for EOG, $165.96 for salesforce.com, $229.18 for Zebra
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| Coupon barriers: | $68.52 for EOG, $116.17 for salesforce.com, $160.43 for Zebra; 70% of initial levels
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| Pricing date: | April 26
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| Settlement date: | May 1
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| Agent: | Barclays
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| Fees: | 3.5%
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| Cusip: | 06747MPS9
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