Barclays plans trigger autocallable optimization securities on Walgreen

By Jennifer Chiou

New York, Nov. 19 – Barclays Bank plc plans to price 0% trigger autocallable optimization securities due Nov. 29, 2019 linked to the common stock of Walgreen Co., according to an FWP with the Securities and Exchange Commission.

Beginning on Dec. 2, 2015, the notes will be called at par of $10 plus a call return of 8% per year if Walgreen stock closes at or above the initial share price on any quarterly observation date.

If the notes are not called and Walgreen shares finish at or above the trigger level, the payout at maturity will be par. The trigger level is expected to be 76% to 81% of the initial share price and will be set at pricing.

Otherwise, investors will be fully exposed to the decline in the share price.

The notes (Cusip: 06740D624) will price on Nov. 25 and settle on Nov. 28.

Barclays is the underwriter with UBS Financial Services Inc. as agent.

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