By Toni Weeks
San Luis Obispo, Calif., Sept. 27 - Barclays Bank plc priced $7.74 million of 0% trigger performance securities due Sept. 28, 2018 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 140% of the fund return.
If the fund return is zero or negative and the final price is equal to or greater than the trigger price, 75% of the initial price, the payout will be par.
If the final price is less than the trigger price, investors will be fully exposed to the decline in the fund from its initial price.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Trigger performance securities
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Underlying fund: | Vanguard FTSE Emerging Markets ETF
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Amount: | $7,735,000
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Maturity date: | Sept. 28, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 140% of the fund return if fund gains; par if fund falls by up to 25%; otherwise, exposure to losses
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Initial price: | $41.01
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Trigger price: | $30.76, 75% of the initial price
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 3.5%
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Cusip: | 06742D127
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