Barclays plans trigger autocallable notes linked to General Electric

By Susanna Moon

Chicago, Oct. 9 - Barclays Bank plc plans to price trigger autocallable yield optimization notes due Oct. 17, 2018 linked to General Electric Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized premium of 8% if General Electric closes above its initial share price on any quarterly observation date.

The payout at maturity will be par unless General Electric stock finishes below its 63% to 68% trigger level, in which case investors will be fully exposed to any losses. The exact trigger level will be set at pricing.

UBS Financial Services Inc. and Barclays are the underwriters.

The notes will price on Oct. 11 and settle on Oct. 17.

The Cusip number is 06742E794.

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