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
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Issue: | Autocallable securities
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Underlying stock: | FireEye, Inc. (Symbol: FEYE)
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Amount: | $3,225,000
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Maturity: | June 3, 2020
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Contingent coupon: | 0%
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Price: | Par
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Payout at maturity: | If stock finishes at or above 90% threshold, par plus 32.4%; otherwise, full exposure to losses
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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
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Initial level: | $14.99
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Threshold: | $13.491, 90% of initial level
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Barclays
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Fees: | 2%
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Cusip: | 06746K630
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