By Susanna Moon
Chicago, Aug. 29 - Barclays Bank PLC priced $3.86 million of 0% trigger performance securities due Aug. 31, 2018 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 103.5% of any fund gain.
Investors will receive par if the shares fall by up to 24% and will be fully exposed to any losses if the fund finishes below the 76% trigger level.
UBS Financial Services Inc. and Barclays are the underwriters.
| Issuer: | Barclays Bank PLC
|
| Issue: | Trigger performance securities
|
| Underlying fund: | WisdomTree Japan Hedged Equity fund
|
| Amount: | $3,855,340
|
| Maturity: | Aug. 31, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 103.5% of any gain; par if shares fall by up to 24%; full exposure to any losses if fund finishes below trigger level
|
| Initial level: | $44.21
|
| Trigger level: | $33.60, 76% of initial level
|
| Pricing date: | Aug. 27
|
| Settlement date: | Aug. 30
|
| Underwriters: | UBS Financial Services Inc. and Barclays
|
| Fees: | 3.5%
|
| Cusip: | 06742D382
|
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