Barclays to price trigger callable contingent yield notes on indexes

By Marisa Wong

Morgantown, W.Va., Feb. 28 – Barclays Bank plc plans to price trigger callable contingent yield notes due March 6, 2023 linked to the MSCI EAFE index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.55% if each index closes at or above its coupon barrier level, 70% of its initial level, on the applicable quarterly observation date.

The notes will be callable at par 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 60% downside threshold level, in which case investors will lose 1% for each 1% decline of the worst performing index.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on March 1.

The Cusip number is 06746Q355.

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