By Susanna Moon
Chicago, Dec. 10 – Barclays Bank plc priced $3.76 million of autocallable contingent income barrier notes due Nov. 19, 2021 linked to the common stock of Momo Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 24.75% if the stock closes at or above the 65% coupon barrier on the observation date for that quarter.
The notes will be called at par 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 underlying stock finishes below its 65% trigger level, in which case investors will be fully exposed to any losses.
Barclays is the underwriter with Morgan Stanley Wealth Management as the dealer.
| Issuer: | Barclays Bank plc
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| Issue: | Autocallable contingent income barrier notes
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| Underlying stock: | Momo Inc. (Symbol: MOMO)
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| Amount: | $3.76 million
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| Maturity: | Nov. 19, 2021
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| Coupon: | 24.75%, payable quarterly if stock closes at or above 65% coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below 65% trigger, in which case 1% loss per 1% decline
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| Call: | At par if stock closes at or above initial level on any determination date other than final date
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| Initial level: | $32.96
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| Trigger levels: | $21.424, 65% of initial levels
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| Pricing date: | Nov. 16
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| Settlement date: | Nov. 21
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| Agent: | Barclays
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| Fees: | 1.25%
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| Cusip: | 06746V578
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