Barclays plans trigger autocallable optimization notes on Euro Stoxx

By Marisa Wong

Madison, Wis., Nov. 13 - Barclays Bank plc plans to price 0% trigger autocallable optimization securities due Nov. 21, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

Beginning on Nov. 24, 2014, the notes will be automatically called at par of $10 plus a call return of 8% per year if the index closes at or above the initial index level on any quarterly observation date.

If the notes are not called and the index finishes at or above the trigger level, 67% to 72% of the initial level, the payout at maturity will be par. Otherwise, investors will be exposed to the index's decline from its initial level.

Barclays is the underwriter with UBS Financial Services Inc. as agent.

The notes are expected to price Nov. 15 and settle Nov. 20.

The Cusip number is 06742E612.

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