Published on 1/4/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $18.50 million capped trigger gears linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Jan. 4 – Barclays Bank plc priced $18,497,780 of 0% capped trigger gears due Dec. 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 66%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% downside threshold level.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Capped trigger gears
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Underlying index: | Euro Stoxx 50
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Amount: | $18,497,780
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Maturity: | Dec. 31, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 3 times any index gain, capped at 66%; par if index falls by up to 25% and full exposure to any losses if index finishes below downside threshold
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Initial level: | 3,550.17
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Downside threshold: | 2,662.63, 75% of initial level
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Pricing date: | Dec. 27
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Settlement date: | Dec. 29
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 2.5%
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Cusip: | 06746N360
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