Barclays plans trigger return optimization notes tied to three ETFs

By Marisa Wong

Madison, Wis., Aug. 1 - Barclays Bank plc plans to price trigger return optimization securities due Aug. 29, 2014 linked to a basket of exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.

The basket is comprised of the SPDR S&P 500 exchange-traded fund trust with a 30% weight, the iShares MSCI EAFE index fund with a 30% weight and the iShares MSCI Emerging Markets index fund with a 40% weight.

The payout at maturity will be par of $10 plus double any gain in the basket, subject to a maximum gain of 35% to 41%. The exact cap will be set at pricing.

Investors will receive par if the basket declines by up to 25% and will be fully exposed to losses if the basket declines by more than 25%.

The notes will price Aug. 26 and settle Aug. 31.

UBS Financial Services Inc. and Barclays Capital Inc. are the agents.

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