New Issue: Barclays sells $5.73 million autocallable contingent coupon notes on Walgreens

Chicago, April 29 – Barclays Bank plc priced $5.73 million of autocallable contingent coupon notes due Feb. 3, 2027 linked to the common stock of Walgreens Boots Alliance, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of at a 11.8% annualized rate if the stock closes at or above its 50% coupon barrier value on the related observation date, plus any previously unpaid coupon.

The notes will be callable at par if the stock closes at or above its initial level on any quarterly call date starting after six months.

The payout at maturity will be par unless the stock finishes below 50% of initial level, in which case investors will be fully exposed to the decline of the stock.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable contingent coupon notes
Underlying stock:	Walgreens Boots Alliance, Inc.
Amount:	$5,729,000
Maturity:	Feb. 3, 2027
Contingent coupon:	11.8% per year, payable quarterly if stock closes at or above 50% of initial level on related observation date, plus any previously unpaid coupon
Price:	Par
Payout at maturity:	Par unless stock finishes below 50% of initial level, in which case full exposure to losses of stock
Call:	At par if stock closes at or above its initial level on any quarterly observation date starting after six months
Initial stock level:	$22.72
Coupon barrier level:	$11.36; 50% of initial level
Final barrier level:	$11.36; 50% of initial level
Pricing date:	Jan. 29
Settlement date:	Jan. 31
Agent:	Barclays
Fees:	2.5%
Cusip:	06745PMN8

© 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.