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Barclays to price capped trigger gears linked to basket of indexes
By Sarah Lizee
Olympia, Wash., July 9 – Barclays Bank plc plans to price 0% capped trigger gears due July 29, 2022 linked to an unequally-weighted basket of 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 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket return is greater than zero, the payout at maturity will be par of $10 plus 5 times the basket return, capped at par plus 42.9% to 45.9%.
Investors will receive par if the basket declines by 25% or less and be fully exposed to the basket’s decline from its initial level if it declines by more than 25%.
Barclays and UBS Financial Services Inc. are the agents.
The notes will price July 29.
The Cusip number is 06747C306.
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