New Issue: Barclays sells $1.12 million capped buffered gears on S&P 500 index

By Taylor Fox

New York, Feb. 18 – Barclays Bank plc priced $1.12 million of 0% capped buffered gears due Jan. 31, 2023 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 double any index gain, up to a maximum return of par plus 19.5%.

Investors will receive par if the index falls by up to 10% and lose 1% for each 1% decline beyond 10%.

Barclays and UBS Financial Services Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped buffered gears
Underlying index:	S&P 500 index
Amount:	$1,124,500
Maturity:	Jan. 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, up to a maximum return of par plus 19.5%; par if the index falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial level:	3,849.62
Downside threshold:	3,464.66, 90% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 29
Agents:	Barclays and UBS Financial Services Inc.
Fees:	None
Cusip:	06744A808

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