By Wendy Van Sickle
Columbus, Ohio, Feb. 2 – Barclays Bank plc priced $5 million of trigger autocallable contingent yield notes due Feb. 3, 2027 linked to the performance of the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 6.75% per year if the index closes at or above the downside threshold level, 60% of the initial level, on the observation date for that quarter.
The notes will be automatically called at par plus coupon if index closes at or above the initial level on any quarterly observation date after one year.
If the notes are not called and the final level is greater than or equal to the threshold level, the payout at maturity will be par plus the final coupon.
Otherwise, investors will lose 1% for every 1% decline from the initial level.
UBS Financial Services Inc. and Barclays Capital Inc. are the agents.
| Issuer: | Barclays Bank plc
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $5 million
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| Maturity: | Feb. 3, 2027
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| Contingent coupon: | 6.75%, payable quarterly if index closes at or above downside threshold on observation date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | Par plus the final coupon unless index finishes below downside threshold level, in which case investors will lose 1% for every 1% decline from initial level
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| Call: | At par plus coupon if index closes at or above initial level on any quarterly observation date after one year
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| Initial level: | 4,639.36
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| Downside threshold: | 2,783.62; 60% of initial level
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| Pricing date: | Jan. 30
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| Settlement date: | Feb. 1
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| Agents: | UBS Financial Services Inc. and Barclays Capital Inc.
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| Fees: | 1.25%
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| Cusip: | 06748K257
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