Barclays plans two-year capped gears linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., Dec. 13 – Barclays Bank plc plans to price 0% capped gears due Dec. 19, 2018 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain, up to a maximum return of at least 39.75%. The exact cap will be set at pricing.

If the index return is negative, investors will lose 1% for each 1% decline.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on Dec. 14.

The Cusip number is 06744M547.

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