Barclays to price contingent yield trigger autocalls tied to Wal-Mart

By Sarah Lizee

Olympia, Wash., Aug. 28 – Barclays Bank plc plans to price trigger autocallable contingent yield notes due Sept. 2, 2021 linked to the common stock of Wal-Mart Stores, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 6.5% if the stock closes at or above its coupon barrier, which will be 78% to 80% of the initial level, on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any quarterly observation date beginning Feb. 28, 2019.

The payout at maturity will be par plus the coupon unless the stock finishes below its 78% to 80% 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 Aug. 29 and settle on Aug. 31.

The Cusip number is 06746U661.

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