New Issue: Barclays prices $6.58 million five-year trigger gears tied to S&P 500

By Sarah Lizee

Olympia, Wash., Aug. 30 – Barclays Bank plc priced $6.58 million of 0% trigger gears due Aug. 31, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.23 times any index gain.

If the index falls by up to 40%, the payout will be par.

If the index finishes below the 60% downside threshold, investors will be fully exposed to any losses.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger gears
Underlying index:	S&P 500
Amount:	$6,576,600
Maturity:	Aug. 31, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.23 times any index gain; par if index falls by up to 40%; otherwise, 1% loss for each 1% decline
Initial index level:	2,897.52
Downside threshold:	1,738.51, 60% of initial level
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agents:	Barclays and UBS Financial Services Inc.
Fees:	3.5%
Cusip:	06746T177

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