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Barclays plans trigger autocallable optimization notes on Euro Stoxx
By Marisa Wong
Madison, Wis., May 8 – Barclays Bank plc plans to price 0% trigger autocallable optimization securities due May 21, 2020 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 May 20, 2016.
If the notes are not called and the index finishes at or above the trigger level, 60% to 67% of the initial level, the payout at maturity will be par. The exact trigger level will be set at pricing.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and Barclays are the agents.
The notes will price on May 15 and settle on May 20.
The Cusip number is 06743P335.
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