Published on 12/29/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $926,000 capped buffer gears linked to Euro Stoxx 50
By Marisa Wong
Los Angeles, Dec. 30 – Barclays Bank plc priced $926,000 of 0% capped buffer gears due Nov. 30, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 2 times the index return, capped at par plus 16%. Investors will receive par if the index declines by 10% or less and lose 1% for every 1% that the index declines beyond 10%.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
|
Issue: | Capped buffer gears
|
Underlying index: | Euro Stoxx 50
|
Amount: | $926,000
|
Maturity: | Nov. 30, 2022
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If the index return is greater than zero, par plus 2 times the index return, capped at par plus 17.5%; par if the index declines by 10% or less; 1% loss for every 1% decline beyond 10%
|
Initial index level: | 3,511.90
|
Downside threshold: | 3,160.71, 90% of initial level
|
Pricing date: | Nov. 25
|
Settlement date: | Nov. 30
|
Agents: | UBS Financial Services Inc. and Barclays
|
Fees: | 2%
|
Cusip: | 06747L835
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.