Barclays plans contingent yield trigger autocallables linked to CSX

By Susanna Moon

Chicago, Aug. 17 – Barclays Bank plc plans to price trigger autocallable contingent yield notes due Aug. 21, 2020 linked to CSX Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 78% if the stock closes at or above its coupon barrier – 62.5% to 67.5% of the initial level – on the observation date for that quarter.

The notes will be called at par if the stock closes at or above its initial level on any quarterly observation date beginning Feb. 20, 2018.

The payout at maturity will be par plus the contingent coupon unless the stock finishes below its 62.5% to 67.5% downside threshold, in which case investors will be fully exposed to any losses.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on Aug. 18.

The Cusip number is 06746L380.

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