Barclays plans airbag performance securities tied to Vanguard FTSE EM

By Marisa Wong

Madison, Wis., May 30 - Barclays Bank plc plans to price 0% airbag performance securities due June 12, 2020 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 118% to 128% of any fund gain, with the exact participation rate to be set at pricing.

If the fund return is zero or negative but not less than negative 25%, the payout will be par.

Otherwise, investors will lose 1.3333% for every 1% decline beyond 25%.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on June 6 and settle on June 11.

The Cusip number is 06742W505.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.