Barclays plans contingent yield trigger autocallables tied to Goldman

By Susanna Moon

Chicago, Oct. 19 – Barclays Bank plc plans to price trigger autocallable contingent yield notes due Oct. 24, 2019 linked to Goldman Sachs Group, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% if the stock closes at or above its 64.75% to 69.75% coupon barrier on the observation date for that quarter.

The notes will be called at par if the stock closes at or above its initial level on any quarterly observation date beginning April 21, 2017.

The payout at maturity will be par plus the contingent coupon unless the stock finishes below the 64.75% to 69.75% downside threshold level, in which case investors will lose 1% for each 1% decline.

The exact deal terms, including coupon barrier and downside thresholds, will be set at pricing.

UBS Financial Services Inc. and Barclay are the agents.

The notes will price on Oct. 21 and settle on Oct. 26.

The Cusip number is 06745R875.

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