By Wendy Van Sickle
Columbus, Ohio, June 30 – Barclays Bank plc priced $2.68 million of 6.6% airbag autocallable yield notes due July 5, 2018 linked to EOG Resources, Inc. stock, according to a 424B2 with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par if the shares close at or above the initial share price on any quarterly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of EOG shares equal to $1,000 divided by the conversion price. The conversion price will be 88% of the initial share price.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
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| Issue: | Airbag autocallable yield notes
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| Underlying stock: | EOG Resources, Inc.
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| Amount: | $2,682,000
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| Maturity: | July 5, 2018
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| Coupon: | 6.6%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless final share price is less than conversion price, in which case 12.7649 EOG shares
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| Call: | At par if EOG shares close at or above initial share price on any quarterly observation date
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| Initial share price: | $89.02
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| Conversion price: | $78.34, 88% of initial share price
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| Pricing date: | June 28
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| Settlement date: | June 30
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| Underwriters: | UBS Financial Services Inc. and Barclays
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| Fees: | 1.5%
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| Cusip: | 06746K267
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