Barclays to price trigger callable contingent yield notes on indexes

By Tali Rackner

Norfolk, Va., Feb. 14 – Barclays Bank plc plans to price trigger callable contingent yield notes due Aug. 26, 2019 with daily coupon observation linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9% to 10% if each index closes at or above its barrier level, 65% of its initial level, on the observation date for that quarter.

The notes will be callable at par on any coupon payment date, other than the final one.

The payout at maturity will be par unless any index finishes below its 65% barrier level, in which case investors will lose 1% for each 1% decline of the worst-performing index.

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

The notes will price on Feb. 17 and settle on Feb. 27.

The Cusip number is 06745T863.

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