By Marisa Wong
Madison, Wis., Feb. 3 – Barclays Bank plc priced $9.23 million of contingent income autocallable securities due Feb. 2, 2018 linked to CBS Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly payment of 2.1125% if the stock closes at or above its 80% downside threshold level on the observation date for that quarter.
The notes will be redeemed at par plus the contingent payment if the stock closes at or above the initial level on any determination date other than the final date.
The payout at maturity will be par plus the final coupon unless the stock finishes below its 80% downside threshold level, in which case investors will be fully exposed to any losses.
Barclays is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Contingent income autocallable securities
|
| Underlying stock: | CBS Corp. (Symbol: CBS)
|
| Amount: | $9,234,130
|
| Maturity: | Feb. 2, 2018
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| Coupon: | 2.1125% per quarter, payable if stock closes at or above its downside threshold level on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless the stock finishes below its downside threshold level, in which case exposure to any losses
|
| Call: | At par plus contingent payment if the stock closes at or above initial level on any determination date other than the final date
|
| Initial level: | $54.81
|
| Downside threshold level: $43.85, 80% of initial level
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 4
|
| Agent: | Barclays with Morgan Stanley Wealth Management as dealer
|
| Fees: | 2.5%
|
| Cusip: | 06740D129
|
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