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Barclays to price trigger gears due 2021 linked to basket of indexes
By Sarah Lizee
Olympia, Wash., Aug. 31 – Barclays Bank plc plans to price 0% trigger gears due Sept. 30, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 20% weight, the FTSE 100 index with a 20% weight, the S&P/ASX 200 index with a 7.5% weight, the Swiss Market index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par of $10 plus 2.3 to 2.4 times any basket gain.
Investors will receive par if the basket falls by up to 30% and be fully exposed to any losses if it finishes below its 70% trigger level.
UBS Financial Services Inc. and Barclays are the agents.
The notes will price on Sept. 26 and settle on Sept. 28.
The Cusip number is 06746U588.
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