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Published on 6/27/2014 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $10.41 million trigger performance notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., June 27 – Barclays Bank plc priced $10.41 million of 0% trigger performance securities due June 28, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 197.1% of the index return.

If the index return is zero or negative and the index’s final level is equal to or greater than the trigger level, 75% of the initial level, the payout will be par.

If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:Barclays Bank plc
Issue:Trigger performance securities
Underlying index:Euro Stoxx 50
Amount:$10,414,610
Maturity:June 28, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus 197.1% of index return; if index return is zero or negative and index’s final level is equal to or greater than trigger level, par; if final level is less than trigger level, full exposure to decline in index from initial level
Initial level:3,233.19
Trigger price:2,424.89, 75% of initial level
Pricing date:June 26
Settlement date:June 30
Agents:UBS Financial Services Inc. and Barclays
Fees:3.5%
Cusip:06742W885

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