By Angela McDaniels
Tacoma, Wash., July 30 - Barclays Bank plc priced $7.21 million of 0% trigger return optimization securities due July 29, 2016 linked to a basket of two exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the iShares MSCI EAFE index fund with a 70% weight and the iShares MSCI Emerging Markets index fund with a 30% weight.
The payout at maturity will be par of $10 plus 1.5 times any gain in the basket, up to a maximum return of 37.17%
If the basket'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 basket'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 ETFs: iShares MSCI EAFE index fund (70% weight) and iShares MSCI Emerging Markets index fund (30% weight)
|
| Amount: | $7,210,290
|
| Maturity: | July 29, 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 basket gain, capped at 37.17%; par if basket finishes at or above 75% of initial level and at or below initial level; otherwise, full exposure to basket's decline
|
| Initial share prices: | $60.80 for EAFE and $39.83 for EM
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agents: | UBS Financial Services Inc. and Barclays
|
| Fees: | 2.5%
|
| Cusip: | 06742D713
|
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