Barclays plans trigger autocallable contingent yield notes on indexes

By Sarah Lizee

Olympia, Wash., Feb. 21 – Barclays Bank plc plans to price trigger autocallable contingent yield notes due Feb. 28, 2022 linked to the MSCI Emerging Markets index and the S&P 500 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 at least 7.5% to 8.5% if each index closes at or above its coupon barrier, 70% 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 Aug. 27.

The payout at maturity will be par plus the final coupon unless either index finishes below the downside threshold level, 70% of its initial level, in which case investors will lose 1% for every 1% loss of the worse performing index from its initial level.

Barclays and UBS Financial Services Inc. are the agents.

The notes will price on Feb. 26.

The Cusip number is 06746Y432.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.