By Wendy Van Sickle
Columbus, Ohio, Jan. 13 – Barclays Bank plc priced $20 million of 0% capped gears due Jan. 12, 2026 linked to the American Depository shares of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 5 times any stock gain, capped at $20.15 per $10 note.
Investors will be fully exposed to any stock decline.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
|
Issue: | Capped gears
|
Underlying stock: | Alibaba Group Holding Ltd.
|
Amount: | $20 million
|
Maturity: | Jan. 12, 2026
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 5 times any stock gain, capped at $20.15 per $10 PLUS; full exposure to losses
|
Initial level: | $226.90
|
Pricing date: | Jan. 8
|
Settlement date: | Jan. 13
|
Agents: | UBS Financial Services Inc. and Barclays
|
Fees: | 1.25%
|
Cusip: | 06747L181
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.