Barclays to price airbag performance securities linked to the Dow

By Toni Weeks

San Luis Obispo, Calif., March 5 - Barclays Bank plc plans to price 0% airbag performance securities due April 1, 2024 linked to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 127% to 147% of any index gain, with the exact participation rate to be set at pricing.

If the index falls by up to the 50% trigger level, the payout will be par.

Otherwise, investors will lose 2% for every 1% decline beyond 50%.

The notes (Cusip: 06742K824) are expected to price March 26 and settle March 31.

UBS Financial Services Inc. and Barclays are the agents.

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