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Barclays plans trigger performance securities on iShares MSCI EAFE
By Jennifer Chiou
New York, Dec. 2 – Barclays Bank plc plans to price 0% trigger performance securities due Dec. 31, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 141% to 151% of any fund gain. The exact participation rate will be set at pricing.
If the fund finishes at or above the trigger level, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes (Cusip: 06742Y345) will price on Dec. 26 and settle on Dec. 31.
UBS Financial Services Inc. and Barclays are the agents.
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