Barclays plans two-year contingent yield trigger autocalls on S&P

By Susanna Moon

Chicago, April 20 – Barclays Bank plc plans to price trigger autocallable contingent yield notes due April 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 7.3% to 8.3% if the index closes at or above its 75% coupon barrier on the observation date for that quarter.

The notes will be called if the index closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par unless the index finishes below its 75% downside threshold, in which case investors will lose 1% for each 1% decline.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on April 26.

The Cusip number is 06746R577.

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