Barclays to price trigger autocallables linked to Apple

By Angela McDaniels

Tacoma, Wash., Sept. 22 – Barclays Bank plc plans to price 0% trigger autocallable optimization securities due Sept. 30, 2019 linked to the common stock of Apple Inc., according to an FWP filing with the Securities and Exchange Commission.

Beginning one year after issuance, the notes will be called at par of $10 plus a call return of 9% per year if Apple shares close at or above the initial share price on any quarterly observation date.

If the notes are not called and Apple shares finish at or above the trigger price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price. The trigger price is expected to be 63% to 69% of the initial share price and will be set at pricing.

UBS Financial Services Inc. and Barclays are the underwriters.

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

The Cusip number is 06740D764.

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