New Issue: Barclays prices $9.94 million trigger return optimization notes tied to Euro Stoxx 50

By Susanna Moon

Chicago, June 1 – Barclays Bank plc priced $9.94 million of 0% trigger return optimization securities due May 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of 45%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger return optimization securities
Underlying index:	Euro Stoxx 50
Amount:	$9,944,590
Maturity:	May 31, 2018
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 200% of any index gain, capped at 45%; par if index falls by up to 25%; otherwise, full exposure to any losses
Initial index level:	3,682.87
Trigger level:	2,762.15, 75% of initial level
Pricing date:	May 27
Settlement date:	May 29
Agents:	UBS Financial Services Inc. and Barclays
Fees:	2.5%
Cusip:	06743P376

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.