New York, Dec. 4 – Barclays Bank plc priced $5.48 million of 7.65% airbag autocallable yield optimization notes due Dec. 2, 2016 linked to Facebook, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if Facebook 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 Facebook 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 Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
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| Issue: | Airbag autocallable yield optimization notes
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| Underlying stock: | Facebook, Inc. (Symbol: FB)
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| Amount: | $5,482,000
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| Maturity: | Dec. 2, 2016
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| Coupon: | 7.65%, 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 Facebook shares equal to $1,000 divided by conversion price
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| Call: | At par if Facebook shares close at or above initial share price on any quarterly observation date
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| Initial share price: | $105.41
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| Conversion price: | $89.60, 85% of initial share price
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| Pricing date: | Nov. 25
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| Settlement date: | Nov. 30
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| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
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| Fees: | 1.5%
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| Cusip: | 06743T733
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