Barclays to price five-year trigger gears linked to S&P 500 index

By Marisa Wong

Morgantown, W.Va., Sept. 25 – Barclays Bank plc plans to price 0% trigger gears due Sept. 30, 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 of $10 plus 1.1425 to 1.2425 times the index gain. Investors will receive par if the index declines by 40% or less and will lose 1% for each 1% decline from its initial level if the index declines by more than 40%.

Barclays and UBS Financial Services Inc. are the agents.

The notes will price Sept. 26.

The Cusip number is 06746L158.

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