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Published on 11/1/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $1.3 million capped buffered gears on Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Nov. 1 – Barclays Bank plc priced $1.3 million of 0% capped buffered gears due Oct. 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 28%.

Investors will receive par if the index falls by up to 10% and lose 1% for each 1% decline beyond 10%.

Barclays and UBS Financial Services Inc. are the agents.

Issuer:Barclays Bank plc
Issue:Capped buffered gears
Underlying index:Euro Stoxx 50 index
Amount:$1,303,100
Maturity:Oct. 31, 2018
Coupon:0%
Price:Par
Payout at maturity:Par plus double any index gain, up to a maximum return of 28%; par if the index falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial level:3,085.17
Downside threshold:2,776.65, 90% of initial level
Pricing date:Oct. 27
Settlement date:Oct. 31
Agents:Barclays and UBS Financial Services Inc.
Fees:2%
Cusip:06745B177

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