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Published on 1/30/2014 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $7.99 million trigger performance notes tied to S&P 500

By Marisa Wong

Madison, Wis., Jan. 30 - Barclays Bank plc priced $7.99 million of 0% trigger performance securities due Jan. 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 131.5% of any index gain.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.

Barclays and UBS Financial Services Inc. are the agents.

Issuer:Barclays Bank plc
Issue:Trigger performance securities
Underlying index:S&P 500
Amount:$7,990,830
Maturity date:Jan. 31, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 131.5% of any index gain; par if index falls by up to 25%; otherwise, full exposure to losses
Initial index level:1,792.50
Trigger level:1,344.38, 75% of initial level
Pricing date:Jan. 28
Settlement date:Jan. 31
Agents:Barclays and UBS Financial Services Inc.
Fees:3.5%
Cusip:06742K402

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