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Barclays plans trigger performance securities linked to S&P 500 index
By Marisa Wong
Madison, Wis., Sept. 3 – Barclays Bank plc plans to price 0% trigger performance securities due Sept. 30, 2019 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 103% to 113% 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 40% and will be fully exposed to losses from the initial level if it falls by more than 40%.
Barclays and UBS Financial Services Inc. are the agents.
The notes will price on Sept. 25 and settle on Sept. 30.
The Cusip number is 06740D400.
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