Barclays plans five-year trigger gears with no cap tied to the Dow

By Susanna Moon

Chicago, Jan. 10 – Barclays Bank plc plans to price 0% trigger gears due Jan. 31, 2023 linked to the Dow Jones industrial average equal weight index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.27 times to 1.37 times any index gain, with the exact participation rate to be set at pricing.

Investors will receive par if the index falls by up to 25% and be fully exposed to any losses if the index finishes below its 75% downside threshold.

Barclays and UBS Financial Services Inc. are the agents.

The notes will price on Jan. 26 and settle on Jan. 31.

The Cusip number is 06746P696.

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