Barclays plans trigger callable contingent yield notes on three indexes

By Marisa Wong

Morgantown, W.Va., March 2 – Barclays Bank plc plans to price trigger callable contingent yield notes with daily coupon observation due Sept. 10, 2019 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its coupon barrier, 70% of its initial level, on each day during a quarterly observation period, the notes will pay a contingent coupon at an annual rate of 9.6% to 10.6% for that quarter.

The notes will be callable at par plus the coupon, if any, quarterly prior to maturity.

The payout at maturity will be par unless any index finishes below its 70% downside threshold level, in which case investors will lose 1% for each 1% decline of the worst performing index.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on March 3.

The Cusip number is 06745T434.

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