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Barclays to price five-year trigger gears on S&P 500, Euro Stoxx 50
New York, March 12 – Barclays Bank plc plans to price 0% trigger gears due March 16, 2023 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of both indexes is positive, the payout at maturity will be par plus the return of the lesser performing index multiplied by the upside leverage, which will be between 3.15 and 3.20 and will be set at pricing.
If either index declines but both end at or above the 60% downside threshold then the payout will be par.
Investors will be fully exposed to the return of the lesser performing index if either index ends below the downside threshold.
UBS Financial Services Inc. and Barclays are the agents.
The notes will price on March 13 and settle on March 16.
The Cusip number is 06746Q223.
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