Barclays to price trigger callable contingent yield notes on indexes

By Marisa Wong

Morgantown, W.Va., Oct. 3 – Barclays Bank plc plans to price trigger callable contingent yield notes due Oct. 11, 2022 linked to the least performing of the MSCI EAFE index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

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

The payout at maturity will be par plus the coupon, if any, unless any index finishes below its downside threshold level, 60% of its initial level, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on Oct. 4.

The Cusip number is 06746M420.

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