By Susanna Moon
Chicago, Jan. 25 – Barclays Bank plc priced $5.84 million of trigger autocallable contingent yield notes due Jan. 24, 2020 linked to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8% if the shares close at or above the downside threshold level, 66.5% of the initial price, on the observation date for that quarter.
The notes will be called at par of $10 if the shares close at or above the initial price on any observation date after six months.
The payout at maturity will be par unless the stock finishes below the 66.5% downside threshold, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying stock: | Facebook, Inc. (Symbol: FB)
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| Amount: | $5,842,900
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| Maturity: | Jan. 24, 2020
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| Contingent coupon: | 8%, payable quarterly if stock closes at or above downside threshold on observation date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | Par unless stock finishes below downside threshold, in which case full exposure to any losses
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| Call: | At par if stock closes at or above initial level on any quarterly observation date beginning July 21, 2017
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| Initial price: | $127.04
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| Downside threshold: | $84.48, 66.5% of initial price
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| Pricing date: | Jan. 20
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| Settlement date: | Jan. 25
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| Agents: | UBS Financial Services Inc. and Barclays
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| Fees: | 2%
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| Cusip: | 06744M364
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