New Issue: Barclays prices $7.1 million 7.35% trigger callable yield notes linked to two ETFs

By Wendy Van Sickle

Columbus, Ohio, Sept. 18 – Barclays Bank plc priced $7.1 million of 7.35% trigger callable yield notes due Dec. 6, 2024 linked to the Invesco QQQ trust, series 1 and the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any coupon payment date after three months.

The payout at maturity will be par of $10 unless the laggard ETF finishes below its 65% downside threshold level, in which case investors will lose 1% for each 1% decline of that ETF.

UBS Financial Services Inc. and Barclays Capital Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger callable yield notes
Underlying funds:	Invesco QQQ trust, series 1, Invesco S&P 500 Equal Weight ETF
Amount:	$7,104,000
Maturity:	Dec. 6, 2024
Coupon:	7.35% per year, payable monthly
Price:	Par of $10
Payout at maturity:	Par unless laggard ETF finishes below downside threshold, in which case 1% loss for each 1% decline of that ETF
Call option:	At par on any coupon date starting after three months
Initial levels:	$374.21 for QQQ, $147.11 for Equal Weight
Downside thresholds:	$243.24 for QQQ, $95.62 for Equal Weight; 65% of initial levels
Pricing date:	Sept. 13
Settlement date:	Sept. 18
Underwriter:	UBS Financial Services Inc. and Barclays Capital Inc.
Fees:	1%
Cusip:	06748H213

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