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Published on 7/13/2018 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $9.48 million capped buffer gears on Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., July 13 – Barclays Bank plc priced $9.48 million of 0% capped buffer gears due June 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus triple the return, up to a maximum gain of 28.75%.

If the index falls by up to 15%, the payout will be par. Investors will be exposed to any losses beyond the buffer.

Barclays and UBS Financial Services Inc. are the agents.

Issuer:Barclays Bank plc
Issue:Capped buffer gears
Underlying index:Euro Stoxx 50 index
Amount:$9,478,650
Maturity:June 30, 2020
Coupon:0%
Price:Par of $10.00
Payout at maturity:Par plus double any index gain, return capped at 28.75%; par if index falls by up to 15%; exposure to any losses beyond the buffer
Initial level:3,397.13
Downside threshold:2,887.56, 85% of initial level
Pricing date:June 27
Settlement date:June 29
Agents:Barclays and UBS Financial Services Inc.
Fees:2%
Cusip:06746T862

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