New Issue: Barclays prices $2.82 million capped gears linked to index basket

By William Gullotti

Buffalo, N.Y., Oct. 20 – Barclays Bank plc priced $2.82 million of 0% capped gears due Sept. 30, 2022 linked to an unequally-weighted basket of six indexes, according to a 424B2 filing with the Securities and Exchange Commission.

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

If the basket return is greater than zero, the payout at maturity will be par of $10 plus triple the basket return up to a maximum gain of 12.9%.

Investors will be fully exposed to any losses in the basket if the basket return is negative.

Barclays and UBS Financial Services Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped gears
Underlying indexes:	Euro Stoxx 50 index (40% weight), FTSE 100 index (17.5% weight), Nikkei 225 index (25% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
Amount:	$2,817,070
Maturity:	Sept. 30, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times the basket return up to a maximum gain of 12.9%; full exposure to losses of basket if return is negative
Initial levels:	4,103.03 for Stoxx, 27,581.66 for Nikkei, 7,016.63 for FTSE, 12,073.23 for Swiss, 7,379.287 for S&P/ASX
Pricing date:	July 28
Settlement date:	July 30
Agent:	Barclays and UBS Financial Services Inc.
Fees:	0.2%
Cusip:	06747W369

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