New Issue: Barclays sells $650,000 barrier fixed-coupon notes on three stocks

By Kiku Steinfeld

Chicago, March 7 – Barclays Bank plc priced $650,000 of 10.75% barrier fixed-coupon notes due Sept. 18, 2023 linked to the common stocks of Delta Air Lines, Inc., Walt Disney Co. and DraftKings Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless any stock finishes below its 55% barrier level, in which case investors will be exposed to the decline of the least performing stock from the initial level.

Barclays is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Barrier fixed-coupon notes
Underlying stocks:	Delta Air Lines, Inc., Walt Disney Co. and DraftKings Inc.
Amount:	$650,000
Maturity:	Sept. 18, 2023
Coupon:	10.75%, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below barrier level, in which case exposure to decline of least performing stock from initial level
Initial levels:	$184.94 for Disney, $40.18 for Delta, $60.46 for DraftKings
Barrier levels:	$101.72 for Disney, $20.10 for Delta, $33.25 for DraftKings, 55% of initial levels
Pricing date:	Sept. 14
Settlement date:	Sept. 17
Underwriter:	Barclays
Fees:	0.4%
Cusip:	06748WHN6

© 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.