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Barclays plans to price capped trigger gears linked to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., Feb. 6 – Barclays Bank plc plans to price 0% capped trigger gears due Feb. 28, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 5 times the index return, subject to a maximum return that is expected to be 55% to 58.85% and will be set at pricing.
Investors will receive par if the index declines by 30% or less and will lose 1% for each 1% decline of the index from its initial level if it falls by more than 30%.
UBS Financial Services Inc. and Barclays are the agents.
The notes (Cusip: 06746Y697) will price on Feb. 26.
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