New York, Oct. 27 – Barclays Bank plc priced $5.08 million of 0% trigger autocallable contingent yield notes due Oct. 28, 2027 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A contingent coupon at an annual rate of 8% will be paid quarterly if both indexes close at or above their coupon barrier on the observation date for that quarter. The coupon barrier is 64.25% of the initial level.
The notes will be called at par of $10 plus the contingent coupon if both indexes close at or above their initial levels on any quarterly observation date after one year.
If the notes are not called, the payout at maturity will be par unless the lesser performing index finishes below its downside threshold level, 64.25% of its initial level, in which case investors will be fully exposed to any losses.
Barclays and UBS Financial Services Inc. are the agents.
| Issuer: | Barclays Bank plc
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $5.08 million
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| Maturity: | Oct. 28, 2027
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| Coupon: | 8%, payable quarterly if both indexes close at or above their coupon barrier on the observation date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | Par if both indexes finish above downside threshold, otherwise full exposure to loss if lesser performing index
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| Call: | At par plus contingent coupon if both indexes finish at or above their initial levels on a quarterly observation date beginning on Oct. 25, 2018
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| Initial levels: | 1,493.478 for Russell, 2,557.15 for S&P
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| Coupon barriers/downside thresholds: | 959.560 for Russell, 1,642.97 for S&P; 64.25% of initial levels
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| Pricing date: | Oct. 25
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| Settlement date: | Oct. 30
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| Agents: | Barclays and UBS Financial Services Inc.
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| Fees: | 0%
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| Cusip: | 06746M172
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