By Marisa Wong
Morgantown, W.Va., Jan. 4 – Barclays Bank plc priced $1.43 million of 0% trigger gears due Dec. 30, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.64 times any ETF gain.
Investors will receive par if the ETF falls by up to 25% and will be fully exposed to any losses if the ETF finishes below the 75% downside threshold level.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger gears
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $1,434,000
|
| Maturity: | Dec. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.64 times any ETF gain; par if ETF falls by up to 25% and full exposure to any losses if ETF finishes below downside threshold
|
| Initial price: | $70.09
|
| Downside threshold: | $52.57, 75% of initial price
|
| Pricing date: | Dec. 26
|
| Settlement date: | Dec. 29
|
| Agents: | UBS Financial Services Inc. and Barclays
|
| Fees: | None
|
| Cusip: | 06746N329
|
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