Published on 11/27/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $11.94 million capped gears linked to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Nov. 27 – Barclays Bank plc priced $11.94 million of 0% capped gears due Jan. 29, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 15%.
Investors will be fully exposed to any index decline.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped gears
|
| Underlying index: | Russell 2000 index
|
| Amount: | $11,940,830
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| Maturity: | Jan. 29, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 3 times any index gain, capped at 15%; full exposure to losses
|
| Initial index level: | 1,621.904
|
| Pricing date: | Nov. 25
|
| Settlement date: | Nov. 29
|
| Agents: | Barclays and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 06747D288
|
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