New Issue: Barclays sells $10 million fixed-coupon autocallable notes tied to Alibaba

By Sarah Lizee

Olympia, Wash., March 17 – Barclays Bank plc priced $10 million of 9.1% fixed-coupon autocallable notes due April 15, 2021 linked to the common stock of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

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

The payout at maturity will be par unless the stock finishes below its 80% barrier level, in which case investors will receive a number of shares of the underlier equal to the exchange ratio, which is the stated principal amount divided by the downside threshold level, or the cash value of those shares, at the issuer’s option.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Fixed-coupon autocallable notes
Underlying stock:	Alibaba Group Holding Ltd.
Amount:	$10 million
Maturity:	April 15, 2021
Coupon:	9.1%, payable monthly
Price:	Par
Payout at maturity:	Par unless the stock finishes below its barrier level, in which case investors will receive a number of shares of the underlier equal to the exchange ratio, which is the stated principal amount divided by the downside threshold level, or the cash value of those shares, at the issuer’s option
Call:	At par if stock closes at or above its initial level on any monthly determination date
Initial value:	$199.4246
Barrier level:	$159.54, 80% of initial level
Exchange ratio:	6.26802
Pricing date:	March 12
Settlement date:	March 17
Agent:	Barclays
Fees:	0.2%
Cusip:	06741WGH7

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