New Issue: Barclays prices $7.92 million 8.5% contingent income autocalls tied to Facebook

By Susanna Moon

Chicago, Jan. 26 – Barclays Bank plc priced $7.92 million of contingent income autocallable securities due Jan. 22, 2021 linked to the class A common stock of Facebook, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at an annual rate of 8% if the stock closes at or above the 80% downside threshold on the review date for that quarter.

The notes will be called at par of $10 plus the contingent coupon if the stock closes at or above its initial level on any determination date other than the final date.

The payout at maturity will be par unless the stock finishes below its 80% downside threshold, in which case investors will be fully exposed to any losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Contingent income autocallable securities
Underlying stock:	Facebook, Inc. (Symbol: FB)
Amount:	$7,921,130
Maturity:	Jan. 22, 2021
Coupon:	8% per year, payable quarterly if stock closes at or above barrier on determination date for that quarter
Price:	Par
Payout at maturity:	If stock finishes at or above barrier, par; otherwise, 1% loss for each 1% decline
Call:	At par if stock closes at or above initial level on any determination date other than final date
Initial level:	$181.29
Downside threshold:	$145.032, 80% of initial level
Pricing date:	Jan. 19
Settlement date:	Jan. 24
Agent:	Barclays
Fees:	2%
Cusip:	06746P365

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