Barclays plans to price trigger autocallables linked to Symantec

By Angela McDaniels

Tacoma, Wash., Nov. 6 - Barclays Bank plc plans to price 0% trigger autocallable optimization securities due Nov. 14, 2018 linked to the common stock of Symantec Corp., according to an FWP filing with the Securities and Exchange Commission.

Beginning Nov. 14, 2014, the notes will be called at par plus a call return of 10% per year if Symantec shares close at or above the initial share price on any quarterly observation date.

If the notes are not called and Symantec shares finish at or above the trigger price, 59% to 65% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price. The exact trigger price will be set at pricing.

UBS Financial Services Inc. and Barclays are the underwriters.

The notes are expected to price Nov. 8 and settle Nov. 13.

The Cusip number is 06742E646.

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