Published on 10/31/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.57 million capped gears due 2017 linked to Stoxx 50
By Susanna Moon
Chicago, Oct. 31 – Barclays Bank plc priced $4.57 million of 0% capped gears due Dec. 29, 2017 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 triple any index gain, up to a maximum return of 22.2%.
Investors will be exposed to any losses.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Capped gears
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Underlying index: | Euro Stoxx 50
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Amount: | $4,572,690
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Maturity: | Dec. 29, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 3 times any index gain, capped at 22.2%; exposure to any losses
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Initial level: | 3,085.17
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Pricing date: | Oct. 27
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Settlement date: | Oct. 31
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 2%
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Cusip: | 06745R800
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