New Issue: Barclays prices $5.92 million contingent income autocalls tied to Bank of America

By Wendy Van Sickle

Columbus, Ohio, Jan. 24 – Barclays Bank plc priced $5.92 million of autocallable contingent income securities due Jan. 22, 2021 linked to Bank of America Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at an annual rate of 8% if the stock closes at or above the 80% downside threshold on the review date for that quarter.

The notes will be called at par of $10 plus the contingent coupon if the stock closes at or above its initial level on any determination date other than the final date.

The payout at maturity will be par unless the stock finishes below its 80% downside threshold, in which case investors will be fully exposed to any losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable contingent income securities
Underlying stock:	Bank of America Corp.
Amount:	$5,917,820
Maturity:	Jan. 22, 2021
Coupon:	8% per year, payable quarterly if stock closes at or above barrier on determination date for that quarter
Price:	Par
Payout at maturity:	If stock finishes at or above barrier, par; otherwise, 1% loss for each 1% decline
Call:	At par if stock closes at or above initial level on any determination date other than final date
Initial level:	$31.72
Downside threshold:	$25.376, 80% of initial level
Pricing date:	Jan. 19
Settlement date:	Jan. 24
Agent:	Barclays
Fees:	2.5%
Cusip:	06746P340

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