Barclays plans trigger in-step notes due 2019 with cap tied to S&P 500

By Susanna Moon

Chicago, Oct. 6 – Barclays Bank plc plans to price 0% trigger in-step securities due April 30, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 80% step barrier level, the payout at maturity will be par of $10 plus the greater of the 10% step return and any index gain up to a maximum return of 23% to 26%. The exact cap will be set at pricing.

Otherwise, investors will be fully exposed to any losses.

Barclays and UBS Financial Services Inc. are the agents.

The notes will price on Oct. 26 and settle on Oct. 31.

The Cusip number is 06745B169.

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