By Marisa Wong
Morgantown, W.Va., Nov. 3 – Barclays Bank plc priced $262,500 of 0% trigger performance securities due Oct. 30, 2020 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 140% of any fund gain.
Investors will receive par if the fund falls by up to 35% and will be fully exposed to losses if the fund finishes below the 65% trigger level.
Barclays and UBS Financial Services Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger performance securities
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| Underlying fund: | Vanguard FTSE Emerging Markets ETF
|
| Amount: | $262,500
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| Maturity: | Oct. 30, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 140% of any fund gain; par if fund falls by up to 35%; full exposure to any losses if fund falls by more than 35%
|
| Initial price: | $35.67
|
| Trigger level: | $23.19, 65% of initial price
|
| Pricing date: | Oct. 27
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| Settlement date: | Oct. 30
|
| Agents: | Barclays and UBS Financial Services Inc.
|
| Fees: | 0.5%
|
| Cusip: | 06743Q390
|
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