New Issue: Barclays sells $7.7 million 4.25% trigger callable yield notes on two ETFs

By William Gullotti

Buffalo, N.Y., July 8 – Barclays Bank plc priced $7.7 million of 4.25% trigger callable yield notes due July 7, 2023 linked to the iShares Russell 2000 ETF and the Invesco QQQ Trust, Series 1, 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 ETF finishes below its 60% downside threshold level, in which case investors will lose 1% for each 1% decline of the least-performing ETF from its initial level.

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

Issuer:	Barclays Bank plc
Issue:	Trigger callable yield notes
Underlying funds:	Invesco QQQ Trust, Series 1, iShares Russell 2000 ETF
Amount:	$7,700,000
Maturity:	July 7, 2023
Coupon:	4.25% per year, payable monthly
Price:	Par of $10
Payout at maturity:	Par unless least-performing ETF finishes below downside threshold, in which case 1% loss for each 1% decline of least-performing ETF from initial level
Call option:	At par on any coupon date after three months
Initial level:	$354.57 for QQQ, $231.39 for Russell
Downside threshold:	$212.74 for QQQ, $138.83 for Russell; 60% of initial level
Pricing date:	July 1
Settlement date:	July 7
Agents:	UBS Financial Services Inc. and Barclays Capital Inc.
Fees:	1%
Cusip:	06747W633

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