New Issue: Barclays prices $3.43 million of phoenix autocallables tied to Amazon

By Devika Patel

Knoxville, Tenn., Sept. 20 – Barclays Bank plc priced $3.43 million of phoenix autocallable notes due Sept. 20, 2018 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if Amazon shares close at or above the coupon barrier price, 75% of the initial share price, on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above the initial price on any observation date other than the final date.

The payout at maturity will be par plus the contingent coupon unless Amazon shares finish below the 75% barrier level, in which case investors will lose 1% for each 1% decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying stock:	Amazon.com, Inc. (Symbol: AMZN)
Amount:	$3,425,000
Maturity:	Sept. 20, 2018
Coupon:	10%, payable quarterly if stock closes at or above coupon barrier price on observation date for that quarter
Price:	Par
Payout at maturity:	Par plus contingent coupon if Amazon shares finish at or above barrier level; otherwise, 1% loss for each 1% decline
Call:	At par plus contingent coupon if Amazon shares close at or above initial price on any quarterly observation date other than the final date
Initial share price:	$778.52
Barrier levels:	$583.89, 75% of initial price
Pricing date:	Sept. 16
Settlement date:	Sept. 21
Agent:	Barclays
Fees:	1.75%
Cusip:	06741VBM3

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