Barclays to price six-year trigger performance securities on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Dec. 11 – Barclays Bank plc plans to price 0% trigger performance securities due Dec. 31, 2021 linked to the S&P 500 index, according to an FWP filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 153% to 163% of the index return. The exact participation rate will be set at pricing.

If the index return is zero or negative and the final level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.

If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on Dec. 28 and settle on Dec. 30.

The Cusip number is 06743T568.

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