Barclays plans trigger autocallable optimization notes on S&P 500

By Marisa Wong

Madison, Wis., March 11 – Barclays Bank plc plans to price 0% trigger autocallable optimization securities due March 20, 2017 linked to the S&P 500 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 7% 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, 82.25% 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 agents.

The notes will price on March 12 and settle on March 17.

The Cusip number is 06740D277.

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