By Angela McDaniels
Tacoma, Wash., April 17 – Barclays Bank plc priced $1.07 million of trigger autocallable contingent yield notes due April 17, 2020 linked to the common stock of Walgreens Boots Alliance, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 7% per year if Walgreens Boots shares close at or above the downside threshold level, 72% of the initial share price, on the observation date for that quarter.
Beginning Oct. 13, 2017, the notes will be automatically called at par of $10 if Walgreens Boots shares close at or above the initial share price on any quarterly observation date.
If the notes are not called and the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
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: | Walgreens Boots Alliance, Inc. (Symbol: WBA)
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Amount: | $1,074,000
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Maturity: | April 17, 2020
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Coupon: | Each quarter, notes pay contingent coupon at rate of 7% per year if shares close at or above downside threshold level on observation date for that quarter
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Price: | Par of $10.00
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Payout at maturity: | If notes are not called and final share price is greater than or equal to downside threshold level, par; otherwise, 1% loss for every 1% that final share price is less than initial share price
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Call: | Beginning Oct. 13, 2017, automatically at par if Walgreens Boots shares close at or above initial share price on any quarterly observation date
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Initial share price: | $82.48
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Downside threshold: | $59.39, 72% of initial share price
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Pricing date: | April 13
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Settlement date: | April 19
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 2%
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Cusip: | 06746J633
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