Barclays to price trigger return optimization notes linked to two ETFs

By Angela McDaniels

Tacoma, Wash., Sept. 9 - Barclays Bank plc plans to price 0% trigger return optimization securities due Sept. 30, 2016 linked to a basket of two exchange-traded funds, according to an FWP 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 34% to 41%. The exact cap will be set at pricing.

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.

The notes are expected to price Sept. 26 and settle Sept. 30.

The Cusip number is 06742D150.

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