By William Gullotti
Buffalo, N.Y., April 11 – Barclays Bank plc priced $3 million of 0% capped buffer gears due May 29, 2025 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.25 times the return, up to a maximum gain of 8.5%.
If the index falls by up to 15%, the payout will be par. Investors will be exposed to any losses beyond the buffer.
Barclays and UBS Financial Services Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped buffer gears
|
| Underlying index: | S&P 500 Value index
|
| Amount: | $3 million
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| Maturity: | May 29, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.25 times any index gain, return capped at par plus 8.5%; par if index falls by up to 15%; exposure to any losses beyond the buffer
|
| Initial level: | 1,814.13
|
| Downside threshold: | 1,542.011; 85% of initial level
|
| Strike date: | March 22
|
| Pricing date: | March 25
|
| Settlement date: | March 28
|
| Agents: | Barclays and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 06748L297
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