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Published on 11/8/2021 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $10.45 million trigger callable yield notes on Dow, Russell

By Wendy Van Sickle

Columbus, Ohio, Nov. 8 – Barclays Bank plc priced $10.45 million of 4% trigger callable yield notes due Nov. 8, 2023 linked to the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any coupon payment date after three months.

The payout at maturity will be par unless the least-performing index finishes below its 60% downside threshold level, in which case investors will lose 1% for each 1% decline of the least-performing index.

UBS Financial Services Inc. and Barclays Capital Inc. are the agents.

Issuer:Barclays Bank plc
Issue:Trigger callable yield notes
Underlying indexes:Dow Jones industrial average and Russell 2000 index
Amount:$10,454,000
Maturity:Nov. 8, 2023
Coupon:4% per year, payable monthly
Price:Par
Payout at maturity:Par unless least-performing index finishes below downside threshold, in which case 1% loss for each 1% decline of least-performing index
Call option:At par on any coupon date after three months
Initial level:36,157.58 for Dow, 2,404.284 for Russell
Downside threshold:21,694.55 for Dow, 1,442.57 for Russell; 60% of initial level
Pricing date:Nov. 3
Settlement date:Nov. 8
Agents:UBS Financial Services Inc. and Barclays Capital Inc.
Fees:1%
Cusip:06747Y464

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