Barclays to price trigger performance securities linked to S&P 500

By Marisa Wong

Madison, Wis., Dec. 4 - Barclays Bank plc plans to price 0% trigger performance securities due Dec. 31, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 127% to 137% of the index return. The exact participation rate will be determined at pricing.

If the index return is zero or negative and the final index level is equal to or greater than the trigger level, 75% of the initial level, the payout will be par.

If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.

UBS Financial Services Inc. and Barclays are the agents.

The notes are expected to price Dec. 26 and settle Dec. 31.

The Cusip number is 06742E349.

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