By Angela McDaniels
Tacoma, Wash., March 19 – Barclays Bank plc priced $968,000 of 9% airbag autocallable yield notes due March 23, 2020 linked to the common stock of Advance Auto Parts Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called automatically at par if Advance Auto Parts 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 Advance Auto Parts shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.
UBS Financial Services Inc. and Barclays are the underwriters.
Issuer: | Barclays Bank plc
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Issue: | Airbag autocallable yield notes
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Underlying stock: | Advance Auto Parts Inc. (Symbol: AAP)
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Amount: | $968,000
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Maturity: | March 23, 2020
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Coupon: | 9%, 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 number of Advance Auto Parts shares equal to $1,000 divided by conversion price
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Call: | Automatically at par if Advance Auto Parts shares close at or above initial share price on any quarterly observation date
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Initial share price: | $154.84
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Conversion price: | $131.61, 85% of initial share price
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Pricing date: | March 15
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Settlement date: | March 20
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Underwriters: | UBS Financial Services Inc. and Barclays
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Fees: | 1.5%
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Cusip: | 06746Y150
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