Published on 1/2/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $829,100 capped buffer gears on iShares MSCI Emerging Markets
By Wendy Van Sickle
Columbus, Ohio, Jan. 2 – Barclays Bank plc priced $829,100 of 0% capped buffer gears due June 30, 2020 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is greater than zero, the payout at maturity will be par of $10 plus 2 times the fund return, subject to a maximum gain of 23.6%. Investors will receive par if the fund declines by 10% or less and lose 1% for every 1% that the ETF declines beyond 10%.
UBS Financial Services Inc. and Barclays Capital Inc. are the agents.
Issuer: | Barclays Bank plc
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Issue: | Capped buffer gears
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Underlying ETF: | iShares MSCI Emerging Markets ETF
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Amount: | $829,100
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Maturity: | June 30, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the fund return is greater than zero, par plus 2 times the fund return, subject to a maximum gain of 23.6%; par if the fund declines by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial price: | $38.92
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Downside threshold: | $35.03, 90% of initial price
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Pricing date: | Dec. 26
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Settlement date: | Dec. 31
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Agents: | UBS Financial Services Inc. and Barclays Capital Inc.
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Fees: | 0%
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Cusip: | 06746V313
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