By Jennifer Chiou
New York, Nov. 27 - Barclays Bank plc priced $6,213,800 of 0% trigger return optimization securities due Nov. 30, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any gain in the index, up to a maximum return of 28.05%
If the index's final level is greater than or equal to the trigger level - 75% of the initial level - and less than or equal to the initial level, the payout will be par.
If the index's final level is less than the trigger level, investors will be fully exposed to the decline from the initial level.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger return optimization securities
|
| Underlying index: | S&P 500
|
| Amount: | $6,213,800
|
| Maturity: | Nov. 30, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10.00 for brokerage accounts; $9.75 for advisory accounts
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at 28.05%; par if index finishes at or above 75% of initial level and at or below initial level; otherwise, full exposure to index's decline
|
| Initial index level: | 1,802.48
|
| Trigger level: | 1,351.86, 75% of initial level
|
| Pricing date: | Nov. 25
|
| Settlement date: | Nov. 29
|
| Agents: | UBS Financial Services Inc. and Barclays
|
| Fees: | 2.5%
|
| Cusip: | 06742E679
|
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