Barclays plans trigger autocallable contingent yield notes on indexes

By Susanna Moon

Chicago, July 19 – Barclays Bank plc plans to price trigger autocallable contingent yield notes due Aug. 2, 2019 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly 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 an observation date for that quarter.

The notes will be called at par plus the contingent coupon if each index closes at or above the initial level on any observation date beginning Jan. 27, 2017.

The payout at maturity will be par plus the contingent coupon unless either index finishes below the 70% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.

UBS Financial Services Inc. and Barclays Capital Inc. are the agents.

The notes will price on July 27 and settle on Aug. 2.

The Cusip number is 06745B706.

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