Published on 3/1/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $9.31 million 12.2% contingent yield trigger callables on three indexes
By Susanna Moon
Chicago, March 1 – Barclays Bank plc priced $9.31 million of trigger callable contingent yield notes due Feb. 12, 2021 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 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 12.2% if each index closes at or above its 70% coupon barrier on each day during that quarter.
The notes are callable at par on any quarterly determination date.
The payout at maturity will be par unless any index finishes below its 60% downside threshold, in which case investors will be fully exposed to any losses of the worst performing index.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
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| Issue: | Trigger callable contingent yield notes
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| Underlying indexes: | Euro Stoxx 50, Russell 2000 and S&P 500
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| Amount: | $9,307,000
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| Maturity: | Feb. 12, 2021
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| Coupon: | 12.2% annualized, payable quarterly if each index closes at or above 70% coupon barrier on each day during that quarter
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| Price: | Par of $10
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| Payout at maturity: | If each index finishes at or above 60% downside threshold, par; otherwise, 1% loss for each 1% decline of worst performing index
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| Call option: | At par on any quarterly determination date
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| Initial levels: | 2,619.55 for S&P, 1,477.836 for Russell, 3,325.99 for Stoxx
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| Coupon barriers: | 1,833.69 for S&P, 1,034.485 for Russell, 2,328.19 for Stoxx, 70% of initial levels
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| Downside thresholds: | 1,571.73 for S&P, 886.702 for Russell, 1,995.59 for Stoxx, 60% of initial levels
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| Pricing date: | Feb. 9
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| Settlement date: | Feb. 14
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| Agents: | UBS Financial Services Inc. and Barclays
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| Fees: | 1%
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| Cusip: | 06746Q645
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