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Published on 8/30/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $2.15 million capped trigger gears tied to Euro Stoxx

By Wendy Van Sickle

Columbus, Ohio, Aug. 30 – Barclays Bank plc priced $2.15 million of 0% capped trigger gears due Aug. 30, 2019 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, subject to a maximum return of 51.5%. Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:Barclays Bank plc
Issue:Capped trigger gears
Underlying index:Euro Stoxx 50
Amount:$2,145,600
Maturity:Aug. 30, 2019
Coupon:0%
Price:Par
Payout at maturity:Par plus 2 times any index gain, capped at 51.5%; par if index declines by 30% or less; full exposure to loss if index falls beyond 30%
Initial index level:3,010.36
Downside threshold:2,107.25, 70% of initial level
Pricing date:Aug. 26
Settlement date:Aug. 31
Agents:Barclays and UBS Financial Services Inc.
Fees:2.5%
Cusip:06740Q187

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