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Published on 12/26/2018 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.78 million two-year buffer gears linked to Stoxx 50

By Susanna Moon

Chicago, Dec. 26 – Barclays Bank plc priced $1.78 million of 0% buffer gears due Nov. 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, up to a maximum return of 32.25%.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:Barclays Bank plc
Issue:Capped buffer gears
Underlying index:Euro Stoxx 50
Amount:$1,783,500
Maturity:Nov. 30, 2020
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 3 times any index gain, capped at 32.25%; par if index falls by up to 15%; otherwise, exposure to losses beyond 15%
Initial level:3,168.29
Pricing date:Nov. 28
Settlement date:Nov. 30
Agents:Barclays and UBS Financial Services Inc.
Fees:2%
Cusip:06746V719

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