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Barclays intends to price trigger gears linked to Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., Dec. 22 – Barclays Bank plc plans to price 0% trigger gears due Dec. 31, 2020 linked to the Euro Stoxx 50 index, according to an FWP 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 2.22 times to 2.32 times the index return, with the exact participation rate to be set at pricing. Investors will receive par if the index declines by 25% or less and will lose 1% for each 1% decline from the initial level if the index declines by more than 25%.
UBS Financial Services Inc. and Barclays are the agents.
The notes (Cusip: 06746N295) will price on Dec. 27 and settle on Dec. 29.
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