New Issue: Barclays prices $4.82 million autocallable fixed-coupon notes on United Airlines

By Wendy Van Sickle

Columbus, Ohio, July 27 – Barclays Bank plc priced $4.82 million of 9.1% autocallable fixed-coupon notes due July 7, 2022 linked to the common stock of United Airlines Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be automatically called at par if the stock closes at or above its initial level on any monthly call valuation date after six months.

If the notes are not called, the payout at maturity will be par unless the stock finishes below 67% of its initial level, in which case investors will receive a number of shares equal to $10,000 divided by the stock’s initial share price or the cash equivalent at the issuer’s option.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying stock:	United Airlines Holdings, Inc.
Amount:	$4,818,000
Maturity:	July 7, 2022
Coupon:	9.1%, payable monthly
Price:	Par
Payout at maturity:	Par unless stock finishes below barrier level, in which case investors will receive 16.75884 shares per note or the cash equivalent at the issuer’s option
Call:	At par if stock closes at or above initial level on any monthly call valuation date after six months
Initial level:	$59.67
Barrier level:	$39.98, 67% of initial level
Pricing date:	June 1
Settlement date:	June 4
Agent:	Barclays
Fees:	2.15%
Cusip:	06741WUQ1

© 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.