By Marisa Wong
Madison, Wis., May 20 - Barclays Bank plc assigned a new Cusip number to its recently priced 0% synthetic convertible notes due May 20, 2021 linked to Freeport-McMoRan Copper & Gold Inc. shares, according to an amended 424B2 filing with the Securities and Exchange Commission.
The new Cusip is 06741JS59, replacing the Cusip 06742K212.
Barclays priced $72.44 million of the synthetic convertible notes on May 13.
The payout at maturity will be the greater of par and the alternative redemption amount. The alternative redemption amount per note will be $1,000 times the final stock level divided by the threshold value, which will be 117% of the initial index level.
The notes are callable beginning May 13, 2019.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Synthetic convertible notes
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Underlying stock: | Freeport-McMoRan Copper & Gold Inc. (Symbol: FCX)
|
Amount: | $72,435,000
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Maturity: | May 20, 2021
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Greater of par and alternative redemption amount, which will be par times the final stock level divided by threshold level
|
Call option: | Beginning May 13, 2019
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Initial level: | $35.38142
|
Threshold level: | $41.3962614, 117% of initial index level
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Pricing date: | May 13
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Settlement date: | May 20
|
Agent: | Barclays
|
Fees: | None
|
Cusip: | 06741JS59
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