New Issue: Barclays sells $12.21 million trigger callable yield notes tied to S&P

By Wendy Van Sickle

Columbus, Ohio, Oct. 9 – Barclays Bank plc priced $12.21 million of 7% trigger callable yield notes due Oct. 13, 2021 linked to the S&P 500 index, 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 starting Jan. 7, 2021.

The payout at maturity will be par of $10 unless the index finishes below its 60% downside threshold level, in which case investors will lose 1% for each 1% decline of the index.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger callable yield notes
Underlying index:	S&P 500 index
Amount:	$12,207,180
Maturity:	Oct. 13, 2021
Coupon:	7% per year, payable monthly
Price:	Par of $10
Payout at maturity:	Par unless index finishes below downside threshold, in which case 1% loss for each 1% decline of index
Call option:	At par on any coupon date starting Jan. 7, 2021
Initial level:	3,419.45
Downside threshold:	2,051.67; 60% of initial level
Pricing date:	Oct. 7
Settlement date:	Oct. 13
Underwriter:	UBS Financial Services Inc. and Barclays
Fees:	0%
Cusip:	06747K381

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