Barclays plans 9.25% contingent yield trigger callables on indexes

By Susanna Moon

Chicago, Aug. 28 – Barclays Bank plc plans to price trigger callable contingent yield notes with daily coupon observation due Aug. 31, 2021 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 9.25% if each index closes at or above its 70% coupon barrier on each observation day during that quarter.

The notes are callable at par on any quarterly observation date other than the final date.

The payout at maturity will be par unless any index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on Aug. 29.

The Cusip number is 06746U760.

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