New Issue: Barclays prices $6.81 million trigger autocallables tied to Euro Stoxx

By Angela McDaniels

Tacoma, Wash., Nov. 19 - Barclays Bank plc priced $6.81 million of 0% trigger autocallable optimization securities due Nov. 21, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Beginning Nov. 24, 2014, the notes will be called at par of $10 plus a call return of 8% per year if the index closes at or above the initial level on any quarterly observation date.

If the notes are not called and the index finishes at or above the trigger price, 68.75% of the initial index level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level.

UBS Financial Services Inc. and Barclays are the underwriters.

Issuer:	Barclays Bank plc
Issue:	Trigger autocallable optimization securities
Underlying index:	Euro Stoxx 50
Amount:	$6,813,510
Maturity:	Nov. 21, 2018
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par if index finishes at or above trigger price; otherwise, full exposure to index's decline
Call:	Automatically at par plus 8% per year if index closes at or above initial level on any quarterly observation date, the first of which is Nov. 24, 2014
Initial index level:	3,054.53
Trigger level:	2,099.99, 68.75% of initial level
Pricing date:	Nov. 15
Settlement date:	Nov. 20
Underwriters:	UBS Financial Services Inc. and Barclays
Fees:	2.5%
Cusip:	06742E612

© 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.