New Issue: Barclays sells $2.04 million capped buffer gears on SPDR S&P MidCap 400 ETF

By Taylor Fox

Chicago, July 24 – Barclays Bank plc priced $2.04 million of 0% capped buffer gears due July 20, 2022 linked to the SPDR S&P MidCap 400 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par of $10 plus 2 times the ETF return, capped at par plus 19.3%. Investors will receive par if the ETF declines by 10% or less and lose 1% for every 1% that the ETF declines beyond 10%.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped buffer gears
Underlying ETF:	SPDR S&P MidCap 400 ETF Trust
Amount:	$2,037,000
Maturity:	July 20, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the ETF return is greater than zero, the payout at maturity will be par of $10 plus 2 times the ETF return, capped at par plus 19.3%; investors will receive par if the ETF declines by 10% or less and lose 1% for every 1% that the ETF declines beyond 10%
Initial price:	$334.61
Downside threshold:	$301.15, 90% of initial price
Pricing date:	July 15
Settlement date:	July 20
Agents:	UBS Financial Services Inc. and Barclays
Fees:	2%
Cusip:	06747J665

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