By Susanna Moon
Chicago, Dec. 31 – Barclays Bank plc priced $2.93 million of 0% trigger autocallable optimization securities due Dec. 31, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 8% per year if index closes at or above the initial level on any quarterly observation date after one year.
If the notes are not called and the index finishes at or above the trigger level, 66% of the initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and Barclays are the underwriters.
| Issuer: | Barclays Bank plc
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| Issue: | Trigger autocallable optimization securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $2,929,300
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| Maturity: | Dec. 31, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par if index finishes at or above trigger level; otherwise, full exposure to any losses
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| Call: | At par plus 8% per year if index closes at or above initial level on any quarterly observation date after one year
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| Initial level: | 3,185.17
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| Trigger level: | 2,102.21, 66% of initial price
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| Pricing date: | Dec. 29
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| Settlement date: | Dec. 31
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| Underwriters: | UBS Financial Services Inc. and Barclays
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| Fees: | 2.5%
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| Cusip: | 06742Y196
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