Barclays plans trigger autocallable optimization notes on Euro Stoxx

By Jennifer Chiou

New York, Dec. 16 – Barclays Bank plc plans to price 0% trigger autocallable optimization securities due Dec. 31, 2019 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.

The notes will be 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 beginning on Jan. 4, 2016.

If the notes are not called and the index finishes at or above the trigger level, 61% to 67% of the initial level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to any losses.

The notes (Cusip: 06742Y196) will price on Dec. 29 and settle on Dec. 31.

UBS Financial Services Inc. and Barclays are the underwriters.

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