Barclays plans to price three-year trigger gears linked to S&P 500

By Marisa Wong

Morgantown, W.Va., March 27 – Barclays Bank plc plans to price 0% trigger gears due March 31, 2020 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 of $10 plus 1.5 times to 1.58 times any index gain, with the exact upside gearing to be set at pricing.

Investors will receive par if the index falls by up to 15% and will be fully exposed to any losses if the index finishes below its 85% downside threshold level.

Barclays and UBS Financial Services Inc. are the agents.

The notes are expected to price March 28.

The Cusip number is 06745T475.

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