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Barclays plans five-year trigger gears linked to index basket with UBS
By Susanna Moon
Chicago, Oct. 13 – Barclays Bank plc plans to price 0% trigger gears due Oct. 31, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 20% weight, the FTSE 100 index with a 20% weight, the S&P/ASX 200 index with a 7.5% weight, the Swiss Market index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par of $10 plus 2.35 times to 2.45 times any basket gain.
Investors will receive par if the basket falls by up to 20% and will be fully exposed to any losses if the basket finishes below its 80% downside threshold.
Barclays and UBS Financial Services Inc. are the agents.
The notes will price on Oct. 27.
The Cusip number is 06746M446.
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