By Susanna Moon
Chicago, June 24 – Barclays Bank plc priced $5.17 million of trigger callable contingent yield notes due June 27, 2019 linked to the least performing of the S&P MidCap 400 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.3% if each index 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 if each index closes at or above its initial level on any quarterly observation date beginning on Dec. 21, 2016.
The payout at maturity will be par unless either index finishes below the 70% downside threshold level, in which case investors will be fully exposed to any losses of the worse performing index.
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 indexes: | S&P MidCap 400 and the Russell 2000
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| Amount: | $5,174,400
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| Maturity: | June 27, 2019
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| Coupon: | 8.3%, payable quarterly if each index closes at or above 65% coupon barrier on quarterly observation date
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| Price: | Par of $10
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| Call option: | At par if each index closes at or above its initial level on any quarterly observation date beginning on Dec. 21, 2016
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| Payout at maturity: | Par unless either index finishes below downside threshold, in which case full exposure to any losses of worse performing index
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| Initial levels: | 1,494.67 for S&P MidCap and 1,153.871 for Russell
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| Downside thresholds: | 1,046.27 for S&P MidCap and 807.71 for Russell; 70% of initial levels
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| Pricing date: | June 22
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| Settlement date: | June 27
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| Agents: | UBS Financial Services Inc. and Barclays
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| Fees: | 2%
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| Cusip: | 06740Q369
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