Published on 1/29/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $11.12 million trigger autocallables tied to Euro Stoxx
By Susanna Moon
Chicago, Jan. 29 - Barclays Bank plc priced $11.12 million of 0% trigger autocallable optimization securities due Jan. 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call return of 8% if the index closes above its initial level on any quarterly observation date after one year.
The payout at maturity will be par unless the index finishes below the 70.41% trigger level, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and Barclays are the underwriters.
Issuer: | Barclays Bank plc
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Issue: | Trigger autocallable optimization securities
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Underlying index: | Euro Stoxx 50
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Amount: | $11,116,480
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Maturity: | Jan. 31, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par unless index finishes below trigger level, in which case full exposure to any losses
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Call: | At par plus 8% annualized if each index closes above its initial on any quarterly observation date after one year
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Initial index levels: | 3,028.20 for Euro Stoxx
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Trigger levels: | 2,132.16 for Euro Stoxx, 70.41% of initial level
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Pricing date: | Jan. 24
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Settlement date: | Jan. 31
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 2.5%
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Cusip: | 06742B774
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