Chicago, Nov. 30 – Barclays Bank plc priced $2.85 million of market-linked securities that are autocallable with contingent coupon and contingent downside due Nov. 27, 2026 linked to the lowest performing of the common stocks of Advanced Micro Devices, Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent quarterly coupon of 24.1% if both stocks close above their 70% threshold levels on the related valuation date.
The securities will be called automatically at par if the price of each underlying stock is greater than or equal to its initial price on any quarterly review date.
At maturity the payout will be par unless either stock closes below its 70% downside threshold level in which case investors will be fully exposed to the decline of the worst performing stock.
Barclays and Wells Fargo Securities, LLC are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Market-linked securities – autocallable with contingent coupon and contingent downside
|
| Underlying stocks: | Advanced Micro Devices, Inc. and Nvidia Corp
|
| Amount: | $2,845,000
|
| Maturity: | Nov. 27, 2026
|
| Coupon: | 24.1% annual rate, payable quarterly if both stocks close above threshold levels on related valuation dates
|
| Price: | Par
|
| Payout at maturity: | Par unless either stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing stock
|
| Call: | Automatically at par if the price of each underlying stock is greater than or equal to its initial price on any quarterly review date
|
| Initial levels: | $122.51 for AMD, $487.16 for Nvidia
|
| Downside thresholds: | $85.757 for AMD, $341.012 for Nvidia; 70% of initial levels
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 28
|
| Agent: | Barclays and Wells Fargo Securities, LLC
|
| Fees: | 1.825%
|
| Cusip: | 06745NZ25
|
|
|
© 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.
