New Issue: Barclays prices $5 million trigger callable contingent yield notes on three indexes

By William Gullotti

Buffalo, N.Y., March 3 – Barclays Bank plc priced $5 million of trigger callable contingent yield notes due March 1, 2027 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at a rate of 9.35% per year if each index closes at or above its coupon barrier level, 70% of its initial level, on the relevant observation date.

The notes will be callable at par of $10 plus any coupon otherwise due on any quarterly observation date other than the final one.

If the notes are not called and each index finishes at or above the 70% coupon barrier, the payout at maturity will be par plus the final coupon.

If any index declines below the coupon barrier but each index finishes at or above the downside threshold level, 50% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performing index from its initial level.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger callable contingent yield notes
Underlying indexes:	Euro Stoxx 50 index, Russell 2000 index, S&P 500 index
Amount:	$5 million
Maturity:	March 1, 2027
Coupon:	9.35% per year, payable quarterly if each index closes at or above its barrier level on the corresponding observation date
Price:	Par of $10
Payout at maturity:	Par plus final coupon if each index finishes at or above coupon barrier; if worst performer finishes below coupon barrier but not below downside threshold, par; otherwise, 1% loss for every 1% decline of worst performing index from its initial level
Call option:	At par plus any coupon due on any quarterly observation date other than final
Initial levels:	1,996.007 for Russell, 4,288.7 for S&P, 3,829.29 for Stoxx
Coupon barriers:	1,397.205 for Russell, 3,002.09 for S&P, 2,680.5 for Stoxx; 70% of initial levels
Downside thresholds:	998.004 for Russell, 2,144.35 for S&P, 1,914.65 for Stoxx; 50% of initial levels
Strike date:	Feb. 24
Pricing date:	Feb. 25
Settlement date:	March 2
Agents:	UBS Financial Services Inc. and Barclays
Fees:	1.5%
Cusip:	06748B539

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