Published on 5/5/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $500,000 phoenix autocallable notes on ZoomInfo
By Kiku Steinfeld
Chicago, May 5 – Barclays Bank plc priced $500,000 of phoenix autocallable notes due April 19, 2024 linked to the common stock of ZoomInfo Technologies Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 12% if the stock closes at or above its 60% coupon barrier on the related observation date.
The notes will be called at par plus the contingent coupon if the stock closes at or above 90% of its initial share price on any quarterly call observation date after six months.
The payout at maturity will be par unless the stock finishes below 60% of its initial value, in which case investors will be fully exposed to the decline.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Phoenix autocallable notes
|
Underlying stock: | ZoomInfo Technologies Inc.
|
Amount: | $500,000
|
Maturity: | April 19, 2024
|
Coupon: | 12% annualized, payable quarterly if stock closes at or above coupon barrier on related observation date
|
Price: | Par
|
Payout at maturity: | Par unless stock finishes below final barrier, in which case full exposure to decline
|
Call: | At par plus contingent coupon if stock closes at or above 90% of its initial share price on any quarterly call observation date after six months
|
Initial share price: | $43.119
|
Coupon barrier level: | $28.75, 60% of initial level
|
Final barrier level: | $28.75, 60% of initial level
|
Pricing date: | April 16
|
Settlement date: | April 21
|
Agent: | Barclays
|
Fees: | 2.75%
|
Cusip: | 06748EK44
|
|
© 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.