New Issue: Barclays sells $1.48 million phoenix autocallable notes on Palantir

By Wendy Van Sickle

Columbus, Ohio, June 18 – Barclays Bank plc priced $1.48 million of phoenix autocallable notes due Dec. 15, 2022 linked to the common stock of Palantir Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 12% if the stock closes at or above its 60% coupon barrier on a related observation date.

The notes will be called at par if the stock closes at or above 90% of its initial level on any quarterly call observation date after three months.

The payout at maturity will be par unless the stock finishes below 60% of its initial value in which case investors will be fully exposed to the loss.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying stock:	Palantir Technologies, Inc.
Amount:	$1,482,000
Maturity:	Dec. 15, 2022
Coupon:	12% annualized, payable monthly if stock closes at or above coupon barrier on related observation date
Price:	Par
Call:	Automatically at par if stock closes at or above 90% of initial level on any quarterly call observation date after three months
Payout at maturity:	Par unless stock finishes below final barrier, in which case full exposure to loss
Initial level:	$24.67
Coupon barrier level:	$14.80, 60% of initial level
Final barrier level:	$14.80, 60% of initial level
Pricing date:	June 11
Settlement date:	June 16
Agent:	Barclays
Fees:	2.275%
Cusip:	06748EWY5

© 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.