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Barclays plans trigger autocallable notes linked to Microsoft
By Marisa Wong
Madison, Wis., June 10 – Barclays Bank plc plans to price 0% trigger autocallable optimization securities due June 17, 2019 linked to the common stock of Microsoft Corp., according to an FWP filing with the Securities and Exchange Commission.
If the stock closes at or above the initial share price on any quarterly observation date beginning June 18, 2015, the notes will be automatically called at par plus a call return of 8% per year.
If the notes are not called and the final share price is greater than or equal to the trigger price, 65% to 70% of the initial price, the payout will be par. Otherwise, investors will be fully exposed to losses.
Barclays and UBS Financial Services Inc. are the agents.
The notes will price on June 13 and settle on June 18.
The Cusip number is 06742W729.
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