By Susanna Moon
Chicago, Jan. 25 – Barclays Bank plc priced $1.96 million of trigger autocallable contingent yield notes due Jan. 24, 2020 linked to Home Depot, Inc. 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 7% if the shares close at or above the downside threshold level, 74% of the initial price, on the observation date for that quarter.
The notes will be called at par of $10 if the shares close at or above the initial price on any observation date after six months.
The payout at maturity will be par unless the stock finishes below the 74% downside threshold, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Trigger autocallable contingent yield notes
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Underlying stock: | Home Depot, Inc. (Symbol: HD)
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Amount: | $1,956,000
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Maturity: | Jan. 24, 2020
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Contingent coupon: | 7%, payable quarterly if stock closes at or above downside threshold on observation date for that quarter
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Price: | Par of $10
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Payout at maturity: | Par unless stock finishes below downside threshold, in which case full exposure to any losses
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Call: | At par if stock closes at or above initial level on any quarterly observation date beginning July 21, 2017
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Initial price: | $135.60
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Downside threshold: | $100.34, 74% of initial price
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Pricing date: | Jan. 20
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Settlement date: | Jan. 25
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 2%
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Cusip: | 06744M356
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