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Barclays plans trigger performance securities tied to MSCI EAFE index
By Jennifer Chiou
New York, Sept. 3 – Barclays Bank plc plans to price 0% trigger performance securities due Sept. 29, 2017 linked to the MSCI EAFE index, according to an FWP with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 136% to 146% of the index return, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if it falls by more than 25%.
The notes (Cusip: 06740D301) will price on Sept. 26 and settle on Sept. 30.
Barclays and UBS Financial Services Inc. are the agents.
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