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Barclays to price capped trigger gears linked to Euro Stoxx 50 via UBS
By Angela McDaniels
Tacoma, Wash., March 29 – Barclays Bank plc plans to price 0% capped trigger gears due April 30, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 2 times the index return, subject to a maximum return that is expected to be 46% to 50% and will be set at pricing. Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
UBS Financial Services Inc. and Barclays are the agents.
The notes are expected to price April 27.
The Cusip number is 06740Q690.
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