Barclays plans trigger performance securities tied to Vanguard FTSE EM

By Marisa Wong

Madison, Wis., May 2 - Barclays Bank plc plans to price 0% trigger performance securities due May 31, 2019 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 133% to 143% of the fund return. The exact participation rate will be set at pricing.

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

If the final fund share price is less than the trigger price, investors will be fully exposed to the fund's decline.

Barclays and UBS Financial Services Inc. are the agents.

The notes will price May 27 and settle May 30.

The Cusip number is 06742K428.

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