By Toni Weeks
San Luis Obispo, Calif., April 30 - Barclays Bank plc priced $7.02 million of 0% trigger return optimization securities due April 28, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any gain in the index, up to a maximum return of 67.75%.
If the index's final level is greater than or equal to the trigger level - 75% of the initial level - and less than or equal to the initial level, the payout will be par.
If the index's final level is less than the trigger level, investors will be fully exposed to the decline from the initial level.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger return optimization securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $7,021,350
|
| Maturity: | April 28, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at 67.75%; par if index finishes at or above 75% of initial level and at or below initial level; otherwise, full exposure to index's decline
|
| Initial index level: | 3,165.84
|
| Trigger level: | 2,374.38, 75% of initial level
|
| Pricing date: | April 28
|
| Settlement date: | April 30
|
| Agents: | UBS Financial Services Inc. and Barclays
|
| Fees: | 2.5%
|
| Cusip: | 06742B147
|
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