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Barclays plans trigger autocallable optimization notes on Stoxx Europe
By Marisa Wong
Madison, Wis., June 17 – Barclays Bank plc plans to price 0% trigger autocallable optimization securities due June 30, 2020 linked to the Stoxx Europe 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 July 5, 2016.
If the notes are not called and the index finishes at or above the trigger level, 66% to 73% 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 June 26 and settle June 30.
The Cusip number is 06743N462.
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