Published on 5/2/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.38 million two-year capped buffer gears on Stoxx 50
By Susanna Moon
Chicago, May 2 – Barclays Bank plc priced $5.38 million of 0% capped buffer gears due April 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 65%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Capped buffer gears
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Underlying index: | Euro Stoxx 50
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Amount: | $5,376,300
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Maturity: | April 30, 2020
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 200% of any gain, capped at 65%; if index falls by up to 10%, par; 1% loss per 1% decline beyond 10%
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Initial level: | 3,506.03
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Pricing date: | April 26
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Settlement date: | April 30
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 2%
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Cusip: | 06746R791
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