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Published on 4/15/2014 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $5.25 million trigger autocallable optimization notes on Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., April 15 - Barclays Bank plc priced $5.25 million of 0% trigger autocallable optimization securities due April 17, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Beginning April 17, 2015, the notes will be automatically called at par of $10 plus a call return of 8% per year if the index closes at or above the initial index level on any quarterly observation date.

If the notes are not called and the index finishes at or above the trigger level, 65% of the initial level, the payout at maturity will be par. Otherwise, investors will be exposed to the index's decline from its initial level.

UBS Financial Services Inc. and Barclays are the underwriters.

Issuer:Barclays Bank plc
Issue:Trigger autocallable optimization securities
Underlying index:Euro Stoxx 50
Amount:$5,250,830
Maturity:April 17, 2019
Coupon:0%
Price:Par of $10.00
Payout at maturity:Par if index finishes at or above trigger level; otherwise, full exposure to index's decline
Call:Automatically at par plus 8% per year if index closes at or above initial level on any quarterly observation date beginning April 17, 2015
Initial index level:3,116.54
Trigger level:2,025.75, 65% of initial level
Pricing date:April 11
Settlement date:April 16
Underwriters:UBS Financial Services Inc. and Barclays
Fees:2.5%
Cusip:06742B121

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