By Wendy Van Sickle
Columbus, Ohio, April 29 – Barclays Bank plc priced $6 million of trigger autocallable contingent yield notes due April 29, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10.35% if the index closes at or above its coupon barrier, 60% of its initial level, on the observation date for that quarter.
The notes will be called at par plus the coupon if the index closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the coupon unless the index finishes below the 60% downside threshold, in which case investors will lose 1% for each 1% decline of the index from its initial level.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Trigger autocallable contingent yield notes
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Underlying index: | Dow Jones industrial average
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Amount: | $6 million
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Maturity: | April 29, 2022
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Coupon: | 10.35%, payable quarterly if the index closes at or above coupon barrier on related observation date
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Price: | Par of $10
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Call: | At par plus coupon if the index closes at or above initial level on any quarterly observation date after six months
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Payout at maturity: | Par plus coupon if index closes above downside threshold; otherwise 1% for each 1% decline of index from initial level
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Initial level: | 24,101.55
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Coupon barrier: | 14,460.93, 60% of initial level
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Downside threshold: | 14,265.16, 60% of initial level
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Pricing date: | April 28
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Settlement date: | April 30
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 0%
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Cusip: | 06747G133
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