New Issue: Barclays sells $4.08 million trigger callable contingent yield notes on three indexes

By Wendy Van Sickle

Columbus, Ohio, Feb. 8 – Barclays Bank plc priced $4.08 million of trigger callable contingent yield notes due Feb. 3, 2028 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date that quarter. The contingent coupon rate is 11.85% per year.

The notes are callable at par of $10 on each quarterly observation date other than the final one.

If the notes are not called and each index finishes at or above its coupon barrier level, the payout at maturity will be par plus the contingent coupon.

If any index falls below the coupon barrier but not below its 50% downside threshold, the payout will be par. Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger callable contingent yield notes
Underlying indexes:	Euro Stoxx 50, Russell 2000 and MSCI Emerging Markets
Amount:	$4,075,000
Maturity:	Feb. 3, 2028
Coupon:	11.85% per year, payable quarterly if each index closes at or above its coupon barrier on observation date that quarter
Price:	Par of $10
Payout at maturity:	If each index finishes at or above coupon barrier, par plus contingent coupon; if any index falls below coupon barrier but not below threshold, par; otherwise, 1% loss for every 1% that least-performing index’s final level is below initial level
Call option:	At par on each quarterly observation date other than final one
Initial index levels:	3,609.29 for Stoxx, 1,574.982 for Russell, 1,254.59 for MSCI Emerging Markets
Coupon barriers:	2,526.5 for Stoxx, 1,102.487 for Russell and 879.21 for MSCI Emerging Markets; 70% of initial levels
Thresholds:	1,804.65 for Stoxx, 787.491 for Russell and 627.3 for MSCI Emerging Markets; 50% of initial levels
Pricing date:	Feb. 1
Settlement date:	Feb. 6
Agents:	UBS Financial Services Inc. and Barclays
Fees:	1%
Cusip:	06746Q868

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