By Marisa Wong
Morgantown, W.Va., April 4 – Barclays Bank plc priced $3 million of 0% capped airbag gears due March 31, 2021 linked to a basket of three exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR S&P 500 ETF trust with a 65% weight, the iShares MSCI EAFE ETF with a 25% weight and the iShares MSCI Emerging Markets ETF with a 10% weight.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, capped at 24%. Investors will receive par if the basket falls by up to 30% and will lose 1.4286% for each 1% basket decline beyond 30%.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
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| Issue: | Capped airbag gears
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| Underlying basket: | SPDR S&P 500 ETF trust with a 65% weight, iShares MSCI EAFE ETF with a 25% weight and iShares MSCI Emerging Markets ETF with a 10% weight.
|
| Amount: | $3 million
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| Maturity: | March 31, 2021
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | If the basket return is positive, par plus 1.5 times the basket return, capped at 24%; par if the basket falls by up to 30%; 1.4286% loss for each 1% basket decline beyond 30%
|
| Initial prices: | $260.60 for S&P, $68.65 for EAFE, $47.53 for EM
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| Pricing date: | March 28
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| Settlement date: | March 29
|
| Agents: | Barclays and UBS Financial Services Inc.
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| Fees: | 1.5%
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| Cusip: | 06746R874
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