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
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Issue: | Capped buffer gears
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Underlying index: | Euro Stoxx 50
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Amount: | $1,783,500
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Maturity: | Nov. 30, 2020
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Coupon: | 0%
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Price: | Par of $10
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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%
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Initial level: | 3,168.29
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Pricing date: | Nov. 28
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Settlement date: | Nov. 30
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Agents: | Barclays and UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 06746V719
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