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Barclays plans capped trigger in-step securities linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Jan. 10 – Barclays Bank plc plans to price 0% trigger in-step securities due July 31, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the 80% step barrier level, the payout at maturity will be par of $10 plus the greater of the 10% step return and any index gain up to a maximum return of 24.5% to 27.5%.
Otherwise, investors will be fully exposed to any losses.
Barclays and UBS Financial Services Inc. are the agents.
The notes will price on Jan. 26.
The Cusip number is 06745R354.
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