Published on 3/12/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $10.57 million five-year trigger gears tied to Stoxx 50
By Susanna Moon
Chicago, March 12 – Barclays Bank plc priced $10.57 million of 0% trigger gears due Feb. 28, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.68 times any index gain.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% downside threshold.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Trigger gears
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Underlying index: | Euro Stoxx 50
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Amount: | $10,573,200
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Maturity: | Feb. 28, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 2.68 times any index gain; par if index falls by up to 30%; otherwise, 1% loss per 1% decline
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Initial level: | 3,463.18
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Downside threshold: | 2,424.23, 70% of initial level
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Pricing date: | Feb. 26
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Settlement date: | Feb. 28
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Agents: | Barclays and UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 06746Q835
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