New Issue: Barclays sells $7.76 million five-year trigger gears linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Aug. 31 – Barclays Bank plc priced $7.76 million of 0% trigger gears due Aug. 31, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.45 times the index gain.

If the index falls by up to 25%, the payout will be par.

Investors will lose 1% for every 1% decline below the initial level if the index finishes below the 75% downside threshold.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger gears
Underlying index:	S&P 500
Amount:	$7,762,970
Maturity:	Aug. 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.45 times any index gain; par if index falls by up to 25%; otherwise, full exposure to losses
Initial index level:	2,444.24
Downside threshold:	1,833.18, 75% of initial level
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agents:	Barclays and UBS Financial Services Inc.
Fees:	3.5%
Cusip:	06746L588

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