By Susanna Moon
Chicago, Dec. 3 - Barclays Bank plc priced $2.96 million of trigger phoenix autocallable optimization securities due Nov. 30, 2018 linked to Whole Foods Market, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 7% if Whole Foods stock closes at or above the 67.49% trigger level on a monthly observation date.
The notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial price on any monthly observation date.
The payout at maturity will be par plus the contingent coupon unless Whole Foods shares finish below the trigger level, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and Barclays are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger phoenix autocallable optimization securities
|
| Underlying stock: | Whole Foods Market, Inc. (Symbol: WFM)
|
| Amount: | $2,960,010
|
| Maturity: | Nov. 30, 2018
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| Coupon: | 7% per year payable monthly if Whole Foods stock closes at or above trigger level on monthly observation date
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus contingent coupon unless Whole Foods shares finish below trigger level, in which case full exposure to any losses
|
| Call: | At par plus contingent coupon if shares close at or above initial price on any monthly observation date
|
| Initial price: | $56.47
|
| Trigger price: | $38.11, 67.49% of initial price
|
| Pricing date: | Nov. 26
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| Settlement date: | Nov. 29
|
| Agents: | UBS Financial Services Inc. and Barclays
|
| Fees: | 2.5%
|
| Cusip: | 06742E489
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