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Published on 11/13/2014 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $208,000 trigger autocallable notes linked to Starwood

By Marisa Wong

Madison, Wis., Nov. 13 – Barclays Bank plc priced $208,000 of 0% trigger autocallable optimization securities due Nov. 14, 2019 linked to the common stock of Starwood Hotels & Resorts Worldwide, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Beginning one year after issuance, the notes will be called at par of $10 plus a call return of 8% per year if Starwood stock closes at or above the initial share price on any quarterly observation date.

If the notes are not called and Starwood shares finish at or above the trigger price, 75% of the initial price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline in the share price.

Barclays and UBS Financial Services Inc. are the agents.

Issuer:Barclays Bank plc
Issue:Trigger autocallable optimization securities
Underlying stock:Starwood Hotels & Resorts Worldwide, Inc. (Symbol: HOT)
Amount:$208,000
Maturity:Nov. 14, 2019
Coupon:0%
Price:Par
Payout at maturity:If final price level is greater than or equal to trigger price, par; otherwise, full exposure to any losses
Initial price:$76.43
Trigger price:$57.32, 75% of initial price
Call:Par plus 8% per year if stock closes at or above the initial share price on any quarterly observation date after one year
Pricing date:Nov. 7
Settlement date:Nov. 13
Agents:UBS Financial Services Inc. and Barclays
Fees:2.5%
Cusip:06742Y527

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