Barclays to price trigger performance securities on Vanguard FTSE EM

By Marisa Wong

Madison, Wis., Dec. 4 - Barclays Bank plc plans to price 0% trigger performance securities due Dec. 31, 2018 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par of $10 plus 132% to 142% of the gain. The exact participation rate will be determined at pricing.

If the fund return is zero or negative and the final fund share price is equal to or greater than the trigger price, 75% of the initial price, the payout will be par.

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

UBS Financial Services Inc. and Barclays are the agents.

The notes are expected to price Dec. 26 and settle Dec. 31.

The Cusip number is 06742E356.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.