New Issue: Barclays prices $3 million of capped gears linked to the S&P 500 index

By Devika Patel

Knoxville, Tenn., Dec. 20 – Barclays Bank plc priced $3 million of 0% capped gears due Dec. 19, 2018 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 plus 1.5 times any index gain, up to a maximum return of 38%.

Investors will lose 1% for each 1% decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped gears
Underlying index:	S&P 500
Amount:	$3 million
Maturity:	Dec. 19, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at 38%; 1% loss for each 1% decline
Initial index level:	2,253.28
Pricing date:	Dec. 14
Settlement date:	Dec. 19
Agent:	Barclays
Fees:	1.75%
Cusip:	06744M539

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