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Published on 12/24/2013 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3.41 million trigger autocallable optimization notes on Euro Stoxx 50

By Jennifer Chiou

New York, Dec. 24 - Barclays Bank plc priced $3,406,700 of 0% trigger autocallable optimization securities due Dec. 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Beginning on Jan. 2, 2015, the notes will be called at par of $10 plus a call return of 8% per year if the index closes at or above the initial level on any quarterly observation date.

If the notes are not called and the index finishes at or above the trigger level, 71.48% of the initial index level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level.

UBS Financial Services Inc. and Barclays are the underwriters.

Issuer:Barclays Bank plc
Issue:Trigger autocallable optimization securities
Underlying index:Euro Stoxx 50
Amount:$3,406,700
Maturity:Dec. 31, 2018
Coupon:0%
Price:Par of $10
Payout at maturity:Par if index finishes at or above trigger level; otherwise, full exposure to index's decline
Call:Automatically at par plus 8% per year if index closes at or above initial level on any quarterly observation date beginning on Jan. 2, 2015
Initial index level:3,049.35
Trigger level:2,179.68, 71.48% of initial level
Pricing date:Dec. 20
Settlement date:Dec. 31
Underwriters:UBS Financial Services Inc. and Barclays
Fees:2.5%
Cusip:06742E299

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