Barclays plans trigger phoenix autocallables linked to Russell 2000

By Susanna Moon

Chicago, Feb. 3 – Barclays Bank plc plans to price trigger phoenix autocallable optimization securities due Feb. 15, 2019 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon at an annual rate of 8% to 9% if the index closes at or above the coupon barrier level, 65% of the initial price, on the observation date for that period.

The notes will be called at par of $10 plus the contingent coupon if the index closes at or above the initial price on any semiannual observation date.

The payout at maturity will be par plus the contingent coupon unless the index finishes below the 65% trigger level, in which case investors will be fully exposed to any losses.

UBS Financial Services Inc. and Barclays are the underwriters.

The notes will price on Feb. 12 and Feb. 18.

The Cusip number is 06740Q609.

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