New Issue: Barclays prices $2.53 million trigger step notes tied to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., May 6 – Barclays Bank plc priced $2.53 million of 0% trigger step securities due April 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the step return and the index return. The step return is 36%.

Investors will receive par if the index declines by 25% or less and will be fully exposed to the index’s decline from its initial level if it declines beyond 25%.

Barclays and UBS Financial Services Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger step securities
Underlying index:	Euro Stoxx 50
Amount:	$2,526,900
Maturity:	April 30, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the index return and 36%; par if the index declines by 25% or less; full exposure to the index’s decline from its initial level if it declines beyond 25%
Initial index level:	3,130.43
Downside threshold:	2,347.82, 75% of initial level
Pricing date:	April 27
Settlement date:	April 29
Agents:	UBS Financial Services Inc. and Barclays
Fees:	3%
Cusip:	06744K657

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