By William Gullotti
Buffalo, N.Y., July 14 – Barclays Bank plc priced $4.38 million of autocallable contingent coupon equity-linked notes due July 2, 2026 linked to the common shares of Amazon.com, 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 10% if the stock closes at or above its coupon trigger level, 65% of the initial price, on the determination date for that period. Previously unpaid coupons, if any, will be automatically included whenever a coupon is paid.
The notes will be automatically called at par plus the contingent coupon if the shares close at or above the initial share price on any monthly determination date after three months.
The payout at maturity will be par plus the final coupon unless the stock finishes below its 65% trigger level, in which case investors will lose 1% for each 1% decline from the initial share price.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable contingent coupon equity-linked notes
|
| Underlying stock: | Amazon.com, Inc.
|
| Amount: | $4,375,000
|
| Maturity: | July 2, 2026
|
| Coupon: | 10% per year, payable monthly if shares close at or above coupon trigger level on a related determination date; coupon payment events will automatically include any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless the stock finishes below its trigger level, in which case investors will lose 1% for each 1% decline from the initial share price
|
| Call: | At par plus contingent coupon if shares close at or above initial share price on any monthly determination date after three months
|
| Initial share price: | $129.18
|
| Coupon trigger level: | $83.97; 65% of initial share price
|
| Trigger level: | $83.97; 65% of initial share price
|
| Strike date: | June 27
|
| Pricing date: | June 28
|
| Settlement date: | June 30
|
| Agent: | Barclays
|
| Fees: | 2%
|
| Cusip: | 06745MMG0
|
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