Barclays plans trigger phoenix autocallable notes linked to Yahoo!

By Marisa Wong

Madison, Wis., April 23 - Barclays Bank plc plans to price trigger phoenix autocallable optimization securities due April 30, 2019 linked to the common stock of Yahoo! Inc., according to an FWP filing with the Securities and Exchange Commission.

If Yahoo! stock closes at or above the coupon barrier - 64% to 69% of the initial share price - on a monthly observation date, the notes will pay a contingent coupon at an annualized rate of 8% for that month.

If the shares close at or above the initial price on any monthly observation date after one year, the notes will be called at par plus the contingent coupon.

If the notes are not called and Yahoo! shares finish at or above the 64% to 69% trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be exposed to any losses.

The exact coupon barrier and trigger price will be set at pricing.

UBS Financial Services Inc. and Barclays are the underwriters.

The notes will price on April 28 and settle on April 30.

The Cusip number is 06742K477.

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