Published on 2/13/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.87 million capped gears linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Feb. 13 – Barclays Bank plc priced $3.87 million of 0% capped gears due March 31, 2020 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 of $10 plus triple any index gain, up to a maximum return of 31.85%.
Investors will be fully exposed to any index decline.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
|
Issue: | Capped gears
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $3,865,500
|
Maturity: | March 31, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 3 times any index gain, capped at 31.85%; full exposure to losses
|
Initial index level: | 3,153.42
|
Pricing date: | Jan. 29
|
Settlement date: | Jan. 31
|
Agents: | Barclays and UBS Financial Services Inc.
|
Fees: | 2%
|
Cusip: | 06746Y846
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.