Barclays plans to price capped trigger gears linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., July 3 – Barclays Bank plc plans to price 0% capped trigger gears due July 29, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par of $10 plus 2 times the index return, subject to a maximum return that is expected to be 30.8% to 33.8% and will be set at pricing.

Investors will receive par if the index declines by 25% or less and will lose 1% for each 1% decline of the index from its initial level if it falls by more than 25%.

UBS Financial Services Inc. and Barclays are the agents.

The notes (Cusip: 06746T581) will price on July 26 and settle on July 31.

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