By Wendy Van Sickle
Columbus, Ohio, Feb. 1 – Barclays Bank plc priced $2.68 million of 7.15% airbag autocallable yield notes due Feb. 3, 2022 linked to the shares of CSX Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called automatically at par if the 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, 86% of the initial share price, in which case the payout will be a number of shares equal to $1,000 divided by the conversion price.
UBS Financial Services Inc. and Barclays Capital Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Airbag autocallable yield notes
|
| Underlying stock: | CSX Corp.
|
| Amount: | $2,678,000
|
| Maturity: | Feb. 3, 2022
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| Coupon: | 7.15%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which case 13.86 shares
|
| Call: | Automatically at par if the shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $83.89
|
| Conversion price: | $72.15, 86% of initial share price
|
| Pricing date: | Jan. 27
|
| Settlement date: | Jan. 29
|
| Agents: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 1.5%
|
| Cusip: | 06744A741
|
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