New Issue: Barclays prices $7.69 million contingent coupon autocalls tied to Apple

By Wendy Van Sickle

Columbus, Ohio, Oct. 5 – Barclays Bank plc priced $7.69 million of autocallable contingent coupon notes due Dec. 31, 2021 linked to Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent monthly coupon at an annual rate of 10.5% if the stock closes at or above its 69% coupon barrier on the observation date for that month.

Beginning six months after issuance, the notes will be called at par if the stock closes at or above its initial level on any monthly call valuation date other than the final valuation date.

If the notes are not called, the payout at maturity will be par unless the stock finishes below its 69% knock-in level, in which case investors will be exposed to the losses of the stock.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable contingent coupon notes
Underlying asset:	Apple Inc.
Amount:	$7,685,000
Maturity:	Dec. 31, 2021
Coupon:	10.5% annualized, payable monthly if stock closes at or above its coupon barrier on observation date for that month
Price:	Par
Call:	At par if stock closes at or above its initial level on any monthly call valuation date other than final date after six months
Payout at maturity:	Par unless the stock finishes below its 69% barrier level, in which case investors will be exposed to the losses of the stock
Initial level:	$114.96
Coupon barrier level:	$79.32, 69% of initial level
Barrier level:	$79.32, 69% of initial level
Pricing date:	Sept. 28
Settlement date:	Oct. 1
Agent:	Barclays
Fees:	2.25%
Cusip:	06741WKV1

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