E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/16/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3.23 million three-year autocallables tied to FireEye

By Susanna Moon

Chicago, June 16 – Barclays Bank plc priced $3.23 million of autocallable securities due June 3, 2020 linked to FireEye, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 10.8% if the stock closes at or above its 90% call threshold on any determination date other than the final determination date.

If the stock finishes at or above its 90% threshold, the payout at maturity will be par plus the maturity date premium of 32.4%.

Otherwise, investors will be fully exposed to any losses.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable securities
Underlying stock:FireEye, Inc. (Symbol: FEYE)
Amount:$3,225,000
Maturity:June 3, 2020
Contingent coupon:0%
Price:Par
Payout at maturity:If stock finishes at or above 90% threshold, par plus 32.4%; otherwise, full exposure to losses
Call:At par plus 10.8% annualized if stock closes at or above 90% call threshold on any quarterly determination date other than final date
Initial level:$14.99
Threshold:$13.491, 90% of initial level
Pricing date:May 31
Settlement date:June 5
Agent:Barclays
Fees:2%
Cusip:06746K630

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.