New Issue: Barclays prices $5.42 million five-year trigger gears linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 28 – Barclays Bank plc priced $5.42 million of 0% trigger gears due Feb. 29, 2024 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 of $10 plus 1.2575 times any index gain.

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

Otherwise, investors will lose 1% for every 1% that the index declines below the initial level.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger gears
Underlying index:	S&P 500
Amount:	$5,419,310
Maturity:	Feb. 29, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.2575 times any index gain; par if index finishes flat or falls by up to 40%; otherwise, full exposure to any index decline
Initial level:	2,796.11
Downside threshold:	1,677.67, 60% of initial level
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Agents:	UBS Financial Services Inc. and Barclays
Fees:	3.5%
Cusip:	06746Y663

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