Barclays eyes trigger autocallable contingent yield notes on Russell, Nasdaq

By Sarah Lizee

Olympia, Wash., April 2 – Barclays Bank plc plans to price trigger autocallable contingent yield notes due April 10, 2024 linked to the Nasdaq-100 index 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 7.5% to 8% if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter.

The notes will be called at par plus the coupon if each index closes at or above its initial level on any quarterly observation date beginning April 6, 2020.

The payout at maturity will be par plus the final coupon unless either index finishes below the downside threshold level, 70% of its initial level, in which case investors will lose 1% for every 1% loss of the worse performing index from its initial level.

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

The notes will price on April 5.

The Cusip number is 06747A813.

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