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Barclays plans trigger return optimization notes linked to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., Jan. 3 - Barclays Bank plc plans to price 0% trigger return optimization securities due Jan. 31, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.5 times the index return, subject to a maximum return that is expected to be 40% to 50% and will be set at pricing.
If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final index level is less than the trigger level, investors will be fully exposed to the index's decline from its initial level.
UBS Financial Services Inc. and Barclays are the underwriters.
The notes are expected to price Jan. 29 and settle Jan. 31.
The Cusip number is 06742K204.
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