New Issue: Barclays prices $1.89 million autocallable notes tied to tech stock basket

By William Gullotti

Buffalo, N.Y., March 7 – Barclays Bank plc priced $1.89 million of autocallable notes due Feb. 10, 2028 linked to the performance of an equally-weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the stocks of Advanced Micro Devices, Inc., Tesla, Inc., Nvidia Corp., PayPal Holdings, Inc. and Shopify Inc.

The notes will be automatically called at par plus an annualized 13% call premium if the basket closes at or above its initial level on any annual valuation date.

If the notes are not called and the basket finishes at or above the 60% barrier level, the payout at maturity will be par.

Otherwise, investors will lose 1% for every 1% that the basket declines from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying stocks:	Advanced Micro Devices, Inc., Tesla, Inc., Nvidia Corp., PayPal Holdings, Inc., Shopify Inc.; equal weights
Amount:	$1,893,000
Maturity:	Feb. 10, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless the basket finishes below 60% of initial level, in which case investors will be fully exposed to the decline of the basket
Call:	Automatically at par plus an annualized 13% call premium if the basket closes at or above its initial level on any annual valuation date
Initial levels:	$167.88 for AMD, $185.10 for Tesla, $682.23 for Nvidia, $63.71 for PayPal, $81.56 for Shopify
Pricing date:	Feb. 6
Settlement date:	Feb. 9
Agent:	Barclays
Fees:	3.65%
Cusip:	06745PR45

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.