New Issue: Barclays prices $2.39 million trigger gears linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 20 – Barclays Bank plc priced $2.39 million of 0% trigger gears due May 20, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.3535 times any index gain.

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

Otherwise, investors will lose 1% for every 1% that the index declines below the initial level.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger gears
Underlying index:	S&P 500
Amount:	$2,394,140
Maturity:	May 20, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.3535 times any index gain; par if index finishes flat or falls by up to 25%; otherwise, full exposure to any index decline
Initial level:	2,863.7
Downside threshold:	2,147.78, 75% of initial level
Pricing date:	May 15
Settlement date:	May 20
Agents:	UBS Financial Services Inc. and Barclays
Fees:	3.5%
Cusip:	06747H305

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