Barclays plans trigger return optimization notes linked to MSCI EAFE

By Devika Patel

Knoxville, Tenn., Sept. 4 – Barclays Bank plc plans to price 0% trigger return optimization securities due Sept. 28, 2018 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 1.5 times the fund gain, subject to a maximum return of 46% to 52% that will be set at pricing.

If the final fund price is greater than or equal to the trigger price – 75% of the initial share price – the payout will be par.

Otherwise, the payout will be par plus the fund return.

The securities (Cusip: 06743Q622) will price on Sept. 24 and settle on Sept. 30.

UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.

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