New Issue: Barclays prices $500,000 autocallable fixed-coupon notes on Expedia

Chicago, Dec. 6 – Barclays Bank plc priced $500,000 of 7% autocallable fixed-coupon notes due April 3, 2023 linked to the common stock of Expedia Group, 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 of $10,000 if the stock closes at or above its initial level on any quarterly call date after one year.

If the notes are not called, the payout at maturity will be par unless the stock finishes below 60% of its initial level, in which cases investors will lose 1% for each 1% loss of the stock, payable either in shares or the cash equivalent at the issuer’s option.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying stock:	Expedia Group, Inc.
Amount:	$500,000
Maturity:	April 3, 2023
Coupon:	7%, payable monthly
Price:	Par of $10,000
Call:	At par if stock closes at or above initial level on any quarterly call date after one year
Payout at maturity:	Par unless stock finishes below barrier level, in which case 1% loss for each 1% decline, in which case 56.77624 shares or cash at issuer’s option
Initial level:	$176.13
Barrier level:	$105.68, 60% of initial level
Pricing date:	March 29
Settlement date:	April 1
Agent:	Barclays
Fees:	1.75%
Cusip:	06741WSK7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.