By Susanna Moon
Chicago, Sept. 28 – Barclays Bank plc priced $3.03 million of 0% trigger jump securities with autocallable feature due Sept. 25, 2020 linked to UBS Group AG stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized premium of 8% if the stock closes above its initial level on any determination date other than the final date.
If the stock finishes at or above its initial level, the payout at maturity will be par plus the maturity date premium of 24%.
Investors will receive par if the stock falls by up to 20% and will be fully exposed to any losses if the stock finishes below the 80% trigger level.
Barclays is the agent, with Morgan Stanley Wealth Management as dealer.
| Issuer: | Barclays Bank plc
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| Issue: | Trigger jump securities with autocallable feature
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| Underlying stock: | UBS Group AG (Symbol: UBS)
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| Amount: | $3,025,000
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| Maturity: | Sept. 25, 2020
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Call: | Par plus 8% annualized premium if stock closes above initial level on any determination date other than final date
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| Payout at maturity: | If stock gains, par plus 24%; if stock falls by up to 20%, par; otherwise, full exposure to any losses
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| Initial share price: | $16.98
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| Trigger level: | $13.584, 80% of initial share price
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| Pricing date: | Sept. 22
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| Settlement date: | Sept. 27
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| Agent: | Barclays
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| Distribution: | Morgan Stanley Wealth Management
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| Fees: | 2%
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| Cusip: | 06746M750
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