Published on 8/11/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.63 million of contingent yield trigger callables tied to indexes
By Susanna Moon
Chicago, Aug. 11 – Barclays Bank plc priced $1.63 million of trigger callable contingent yield notes due Aug. 11, 2020 linked to the Russell 2000 index, the S&P 500 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 8.3% if each index closes at or above the 65% threshold on each day during the observation period for that quarter.
The notes are callable at par of $10 on each quarterly observation date other than the final date.
The payout at maturity will be par unless any index falls below the 65% threshold, in which case investors will be exposed to any losses of the worst performing index.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
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| Issue: | Trigger callable contingent yield notes with daily coupon observation
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| Underlying indexes: | Russell 2000, S&P 500 and Euro Stoxx 50
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| Amount: | $1.63 million
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| Maturity: | Aug. 11, 2020
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| Coupon: | 8.3% per year, payable quarterly if each index closes at or above 65% threshold each day during observation quarter
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| Price: | Par of $10
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| Payout at maturity: | Par unless any index falls by more than 40%, in which 1% loss for each 1% decline of worst performing index
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| Call option: | At par on each quarterly observation date other than final date
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| Initial levels: | 1,412.321 for Russell, 2,476.83 for S&P and 3,507.41 for Stoxx
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| Thresholds: | 918.009 for Russell, 1,609.94 for S&P and 2,279.82 for Stoxx; 65% of initial levels
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| Pricing date: | Aug. 4
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| Settlement date: | Aug. 9
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| Agents: | UBS Financial Services Inc. and Barclays
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| Fees: | 1%
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| Cusip: | 06746L463
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