New Issue: Barclays prices $1.67 million 12.1% contingent coupon callables on Ford

By Susanna Moon

Chicago, March 8 – Barclays Bank plc priced $1.67 million of callable contingent coupon notes due Feb. 26, 2020 linked to Ford Motor Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 12.1% if the underlying asset closes at or above its 75% coupon barrier on the review date for that quarter.

The notes are callable at par on any interest payment date.

The payout at maturity will be par unless the stock closes below its 75% barrier level, in which case investors will be exposed to any losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying asset:	Ford Motor Co. (Symbol: F)
Amount:	$1,671,000
Maturity:	Feb. 26, 2020
Coupon:	12.1% annualized, payable quarterly if stock closes at or above its 75% coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless stock falls by more than 25%, in which case 1% loss per 1% decline
Call option:	At par on any interest payment date
Initial level:	$10.60
Barrier level:	$7.95, 75% of initial level
Pricing date:	Feb. 21
Settlement date:	Feb. 26
Agent:	Barclays
Fees:	1.75%
Cusip:	06744CX97

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