New Issue: Barclays sells $9.65 million capped trigger gears linked to S&P 500

By Marisa Wong

Morgantown, W.Va., April 6 – Barclays Bank plc priced $9.65 million of 0% capped trigger gears due March 31, 2020 linked to the S&P 500 index, according to a 424B2 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 2 times the index return, subject to a maximum gain of 31%. Investors will receive par if the index declines by 25% or less and will lose 1% for each 1% decline from its initial level if the index declines by more than 25%.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped trigger gears
Underlying index:	S&P 500
Amount:	$9,649,960
Maturity:	March 31, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2 times any index gain, capped at 31%; par if the index declines by 25% or less; full exposure to decline from initial level if index declines by more than 25%
Initial level:	2,358.57
Downside threshold:	1,768.93, 75% of initial level
Pricing date:	March 28
Settlement date:	March 31
Agents:	UBS Financial Services Inc. and Barclays
Fees:	2.5%
Cusip:	06745T467

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.