By Wendy Van Sickle
Columbus, Ohio, Sept. 10 – Barclays Bank plc priced $11.87 million of 8.2% trigger callable yield notes due Sept. 10, 2021 linked to the SPDR S&P MidCap 400 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on any coupon payment date starting Dec. 4.
The payout at maturity will be par of $10 unless the ETF finishes below its 60% downside threshold level, in which case investors will lose 1% for each 1% decline of the ETF.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger callable yield notes
|
| Underlying ETF: | SPDR S&P MidCap 400 ETF Trust
|
| Amount: | $11,871,100
|
| Maturity: | Sept. 10, 2021
|
| Coupon: | 8.2% per year, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless ETF finishes below downside threshold, in which case 1% loss for each 1% decline of ETF
|
| Call option: | At par on any coupon date starting Dec. 4
|
| Initial level: | $346.06
|
| Downside threshold: | $207.64; 60% of initial level
|
| Pricing date: | Sept. 4
|
| Settlement date: | Sept. 10
|
| Underwriter: | UBS Financial Services Inc. and Barclays
|
| Fees: | None
|
| Cusip: | 06747K753
|
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