By Jennifer Chiou
New York, Feb. 24 – Barclays Bank plc priced $16,774,000 of 8.25% airbag autocallable yield optimization notes due Feb. 25, 2016 linked to the common stock of Freeport-McMoRan Copper & Gold Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be automatically called at par plus the coupon if the stock closes at or above the initial share price on any quarterly observation date.
If the notes are not called, the payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Freeport-McMoRan shares equal to $1,000 divided by the conversion price. The conversion price is 68.25% of the initial share price.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
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| Issue: | Airbag autocallable yield optimization notes
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| Underlying stock: | Freeport-McMoRan Copper & Gold Inc. (Symbol: FCX)
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| Amount: | $16,774,000
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| Maturity: | Feb. 25, 2016
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| Coupon: | 8.25%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless final share price is less than conversion price, in which case Freeport-McMoRan shares equal to $1,000 divided by the conversion price
|
| Call: | Automatically at par plus accrued interest if Freeport-McMoRan stock closes at or above initial share price on any quarterly observation date
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| Initial share price: | $21.28
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| Conversion price: | $14.36, 68.25% of initial share price
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| Pricing date: | Feb. 20
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| Settlement date: | Feb. 25
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| Agents: | UBS Financial Services Inc. and Barclays
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| Fees: | 1.5%
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| Cusip: | 06743P863
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