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Published on 4/19/2021 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $11.72 million trigger callable yield notes on S&P 500, Nasdaq-100

By Wendy Van Sickle

Columbus, Ohio, April 19 – Barclays Bank plc priced $11.72 million of 6.1% trigger callable yield notes due July 19, 2022 linked to the Nasdaq-100 index and 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 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:S&P 500 index and Nasdaq-100 index
Amount:$11,716,100
Maturity:July 19, 2022
Coupon:6.1% 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:4,124.66 for S&P, 13,803.91 for Nasdaq
Downside threshold:2,474.8 for S&P, 8,282.35 for Nasdaq; 60% of initial level
Pricing date:April 14
Settlement date:April 19
Agents:UBS Financial Services Inc. and Barclays Capital Inc.
Fees:0%
Cusip:06747R584

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