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Published on 9/3/2021 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $6.42 million trigger gears linked to index basket

By William Gullotti

Buffalo, N.Y., Sept. 3 – Barclays Bank plc priced $6.42 million of 0% trigger gears due Aug. 31, 2026 linked to a basket of equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5%weight.

The payout at maturity will be par plus 2.2775 times any basket gain.

If the basket finishes flat or falls by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the basket declines from the initial level.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:Barclays Bank plc
Issue:Trigger gears
Underlying indexes:Euro Stoxx 50 index (40% weight), Nikkei 225 index (25% weight), FTSE 100 index (17.5% weight), Swiss Market index (10% weight) and S&P/ASX 200 index (7.5%) weight
Amount:$6,417,500
Maturity:Aug. 31, 2026
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 2.2775 times any basket gain; par if basket finishes flat or falls by up to 25%; otherwise, full exposure to any basket decline from initial level
Initial index levels:4,190.98 for Euro Stoxx, 27,641.14 for Nikkei 225, 7,148.01 for FTSE 100, 12,439.0 for Swiss Market, 7,488.286 for S&P/ASX 200
Downside threshold:75% of initial level
Pricing date:Aug. 27
Settlement date:Aug. 31
Agents:UBS Financial Services Inc. and Barclays
Fees:None
Cusip:06747X821

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