Barclays plans contingent 6.55%-7.55% autocalls tied to Russell, DAX

By Susanna Moon

Chicago, Oct. 25 – Barclays Bank plc plans to price trigger autocallable contingent yield notes due Nov. 1, 2022 linked to the least performing of the Russell 2000 index and the DAX index (Price Return), according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 6.55% to 7.55% if each index closes at or above its 70% coupon barrier on the determination date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly determination date after one year.

The payout at maturity will be par plus the final coupon unless either index finishes below its 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 are the agents.

The notes will price on Oct. 27.

The Custip number is 06746M214.

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