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Barclays plans contingent yield trigger autocallables on two indexes
By Marisa Wong
Morgantown, W.Va., Nov. 16 – Barclays Bank plc plans to price trigger autocallable contingent yield notes due Dec. 3, 2026 linked to the lesser performing of the Russell 2000 index and the S&P 500 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 6% if each index closes at or above its 50% to 54% coupon barrier on a quarterly observation date. The exact coupon barrier will be set at pricing.
The notes will be called at par if each index closes at or above its initial level on any quarterly observation date after one year.
The payout at maturity will be par plus the contingent coupon, if any, unless either index finishes below the 50% to 54% downside threshold level, in which case investors will lose 1% for each 1% decline of the worse performing index. The exact downside threshold will be set at pricing.
UBS Financial Services Inc. and Barclays are the agents.
The notes will price on Nov. 28 and settle on Nov. 30.
The Cusip number is 06745R677.
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