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Barclays plans to price trigger gears linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Oct. 7 – Barclays Bank plc plans to price 0% trigger gears due Oct. 29, 2021 linked to the S&P 500 index, according to an FWP 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 1.2 to 1.3 times the index return. The exact upside gearing will be set at pricing. Investors will receive par if the index declines by 40% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 40%.
UBS Financial Services Inc. and Barclays are the agents.
The notes are expected to price Oct. 26.
The Cusip number is 06744M133.
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