Barclays plans contingent yield trigger autocallables on Dow, Nasdaq

By Marisa Wong

Morgantown, W.Va., Jan. 22 – Barclays Bank plc plans to price trigger autocallable contingent yield notes due Jan. 31, 2029 linked to the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 7% to 8% if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter.

The notes will be called at par plus the coupon if each index closes at or above its initial level on any quarterly observation date beginning Jan. 29, 2020.

The payout at maturity will be par plus the final coupon, if any, unless either index finishes below the downside threshold level, 50% of its initial level, in which case investors will lose 1% for every 1% decline of the worse performing index from its initial level.

Barclays and UBS Financial Services Inc. are the agents.

The notes will price on Jan. 29.

The Cusip number is 06746Y887.

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