Published on 2/1/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $7.88 million capped gears linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Feb. 1 – Barclays Bank plc priced $7.88 million of 0% capped gears due March 29, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus triple the gain, up to a maximum gain of 21.6%.
If the index return is negative, investors will lose 1% for each 1% decline.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Capped gears
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Underlying index: | Euro Stoxx 50 index
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Amount: | $7,878,200
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Maturity: | March 29, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes above its initial level, par plus triple the gain, up to a maximum gain of 21.6%; full exposure to any index decline
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Initial level: | 3,303.33
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Pricing date: | Jan. 27
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Settlement date: | Jan. 31
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 2%
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Cusip: | 06745R339
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