Barclays plans trigger performance notes tied to Vanguard FTSE EM ETF

By Angela McDaniels

Tacoma, Wash., July 2 – Barclays Bank plc plans to price 0% trigger performance securities due July 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 ETF return is positive, the payout at maturity will be par of $10 plus 100% to 108% of the ETF return. The exact participation rate will be set at pricing.

If the ETF return is zero or negative and the final share price is greater than or equal to the trigger share price, 60% of the initial share price, the payout will be par.

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

UBS Financial Services Inc. and Barclays are the agents.

The notes are expected to price July 28 and settle July 31.

The Cusip number is 06742W463.

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