By Toni Weeks
San Luis Obispo, Calif., May 30 - Barclays Bank plc priced $6.97 million of 0% trigger autocallable optimization securities due May 31, 2019 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the closing share price is equal to or greater than the initial price on any quarterly observation date, the notes will be called at par plus an annualized call return of 9%.
If the notes are not called and the final price is greater than or equal to the trigger price, 67.5% of the initial price, the payout at maturity will be par. Otherwise, investors will share fully in losses.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying stock: | Ford Motor Co. (Symbol: F)
|
| Amount: | $6,971,770
|
| Maturity: | May 31, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final price level is greater than or equal to trigger price, par; otherwise, exposure to losses
|
| Initial price: | $16.31
|
| Trigger price: | $11.01, 67.5% of initial price
|
| Call: | Par plus 9% per year if price closes at or above the initial share price on any quarterly observation date
|
| Pricing date: | May 28
|
| Settlement date: | May 30
|
| Agents: | UBS Financial Services Inc. and Barclays
|
| Fees: | 2.5%
|
| Cusip: | 06742K188
|
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