Barclays plans 6.2%-7.2% contingent yield trigger autocalls on funds

By Susanna Moon

Chicago, Nov. 21 – Barclays Bank plc plans to price trigger autocallable contingent yield notes due Dec. 2, 2027 linked to the lesser performing of the iShares MSCI Emerging Markets exchange-traded fund and the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.2% to 7.2% if each fund closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes will be called at par if each fund closes at or above its initial level on any observation date after one year.

The payout at maturity will be par unless either fund finishes below its 50% downside threshold, in which case investors will be fully exposed to any losses of the worse performing fund.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on Nov. 28 and settle on Nov. 30.

The Cusip number is 06746N568.

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