Barclays plans trigger autocallable contingent yield notes on indexes

By Tali Rackner

Minneapolis, July 19 – Barclays Bank plc plans to price 0% trigger autocallable contingent yield notes due July 30, 2027 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6% if each index closes at or above its coupon barrier, 54% to 59% of its initial level, on the observation date for that quarter.

The notes will be called at par plus the coupon if each index closes at or above its initial level on any quarterly observation date, beginning on July 28, 2018.

The payout at maturity will be par plus the final coupon, if any, unless either index finishes below the downside threshold level, which is expected to be 54% to 59% of the initial level, in which case investors will lose 1% for every 1% decline of the lesser-performing index from its initial level.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on July 27 and settle on July 31.

The Cusip number is 06746L828.

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