By Kiku Steinfeld
Chicago, Oct. 16 – Barclays Bank plc priced $1.14 million of trigger autocallable contingent yield notes due Sept. 29, 2022 linked to the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.4% if each underlier closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter.
The notes will be called at par plus the coupon if each underlier 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 either underlier finishes below the 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing underlier 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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Underliers: | iShares MSCI EAFE ETF, iShares MSCI Emerging Markets ETF
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Amount: | $1,135,000
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Maturity: | Sept. 29, 2022
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Coupon: | 7.4%, payable quarterly if each underlier 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 each underlier 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 both close above 70% of initial level; otherwise 1% for each 1% decline of the worse performing underlier from initial level
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Initial levels: | $41.17 for EM, $65.19 for EAFE
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Coupon barriers: | $28.82 for EM, $45.63 for EAFE, 70% of initial levels
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Downside thresholds: | $28.82 for EM, $45.63 for EAFE, 70% of initial levels
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Pricing date: | Sept. 26
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Settlement date: | Sept. 30
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 2%
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Cusip: | 06747D106
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