New Issue: Barclays prices $6 million trigger callable contingent yield notes on three indexes

By Wendy Van Sickle

Columbus, Ohio, Dec. 22 – Barclays Bank plc priced $6 million of trigger callable contingent yield notes with daily coupon observation due Sept. 18, 2024 linked to the worst performing of the S&P 500 index, the Russell 2000 index 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 10.6% if each index closes at or above its coupon barrier level, 70% of its initial level, on each day during the relevant quarterly observation period.

The notes will be callable at par of $10 plus any coupon on any quarterly observation date other than the final one.

If the notes are not called and each index finishes at or above its downside threshold level, 60% of its initial level, the payout at maturity will be par plus any coupon. Otherwise, investors will lose 1% for every 1% decline of the least-performing index.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger callable contingent yield notes with daily coupon observation
Underlying indexes:	S&P 500 index, Russell 2000 index, Nasdaq-100 index
Amount:	$6 million
Maturity:	Sept. 18, 2024
Coupon:	10.6% per year, payable quarterly if each index closes at or above its coupon barrier level on each day during relevant quarterly observation period
Price:	Par of $10
Payout at maturity:	Par plus any coupon unless any index finishes below downside threshold level, in which case 1% loss for every 1% decline of worst performing index
Call option:	At par plus any coupon on any quarterly observation date other than final one
Initial levels:	2,180.495 for Russell, 4,668.97 for S&P, 16,082.55 for Nasdaq
Coupon barrier levels:	1,526.347 for Russell, 3,268.28 for S&P, 11,257.79 for Nasdaq; 70% of initial levels
Downside thresholds:	1,308.297 for Russell, 2,801.38 for S&P, 9,649.53 for Nasdaq; 60% of initial levels
Pricing date:	Dec. 14
Settlement date:	Dec. 17
Agents:	UBS Financial Services Inc. and Barclays
Fees:	1%
Cusip:	06748A754

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