Published on 2/5/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.10 million trigger gears on Dow equal weight index
By Marisa Wong
Morgantown, W.Va., Feb. 5 – Barclays Bank plc priced $3,098,220 of 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.
If the index return is positive, the payout at maturity will be par plus 1.345 times the index return.
If the index falls by up to 25%, the payout will be par.
Investors will lose 1% for every 1% decline below the initial level if the index finishes below the 75% downside threshold.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Trigger gears
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Underlying index: | Dow Jones industrial average equal weight index
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Amount: | $3,098,220
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Maturity: | Jan. 31, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.345 times any index gain; par if index falls by up to 25%; otherwise, full exposure to losses
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Initial index level: | 8,471.48
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Downside threshold: | 6,353.61, 75% of initial level
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agents: | Barclays and UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 06746P696
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