Published on 10/16/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.67 million trigger autocallables linked to Halliburton
By Susanna Moon
Chicago, Oct. 16 - Barclays Bank plc priced $1.67 million of trigger autocallable optimization notes due Oct. 17, 2018 linked to Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 9% if Halliburton closes above its initial share price on any quarterly observation date after one year.
The payout at maturity will be par unless Halliburton stock finishes below the 61% trigger level, in which case investors will be exposed to any losses.
UBS Financial Services Inc. and Barclays are the underwriters.
Issuer: | Barclays Bank plc
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Issue: | Trigger autocallable optimization securities
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Underlying stock: | Halliburton Co. (NYSE: HAL)
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Amount: | $1,672,200
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Maturity: | Oct. 17, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par unless Halliburton stock finishes below trigger level, in which case exposure to any losses
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Call: | At par plus 9% annualized if Halliburton closes above initial level on any quarterly observation date beginning Oct. 20, 2014
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Initial share price: | $50.67
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Trigger level: | $30.91, 61% of initial price
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Pricing date: | Oct. 11
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Settlement date: | Oct. 17
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Underwriters: | UBS Financial Services Inc. and Barclays
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Fees: | 2.5%
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Cusip: | 06742E810
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