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Published on 12/30/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $5.24 million 10.25% autocallables linked to four stocks

By Tali Rackner

Norfolk, Va., Dec. 30 – Barclays Bank plc priced $5.24 million of 10.25% autocallable notes due Dec. 31, 2019 linked to the least performing of the commons stocks of Facebook, Inc., Amazon.com, Inc., Netflix, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each stock closes at or above its initial level on any quarterly call valuation date.

The payout at maturity will be par unless any stock finishes below its barrier level, 60% of its initial share price, in which case investors will lose 1% for each 1% decline of the least-performing stock.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable notes
Underlying stocks:Facebook, Inc. (Symbol: FB), Amazon.com, Inc. (Symbol: AMZN), Netflix, Inc. (Symbol: NFLX) and Alphabet Inc. (Symbol: GOOG)
Amount:$5,237,000
Maturity:Dec. 31, 2019
Coupon:10.25%, payable monthly
Price:Par
Payout at maturity:If each stock finishes at or above 60% barrier level, par; otherwise, full exposure to any losses of least-performing stock
Call:At par if each stock closes at or above its initial level on any quarterly call valuation date
Initial levels:$118.01 for Facebook, $771.40 for Amazon, $128.35 for Netflix and $791.55 for Alphabet
Barrier levels:$70.81 for Facebook, $462.84 for Amazon, $77.01 for Netflix and $474.93 for Alphabet; 60% of initial levels
Pricing date:Dec. 27
Settlement date:Dec. 30
Agent:Barclays
Fees:4%
Cusip:06741VEL2

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