Barclays plans capped buffer gears linked to Financial Select fund

By Angela McDaniels

Tacoma, Wash., Jan. 9 – Barclays Bank plc plans to price 0% capped buffer gears due Feb. 28, 2018 linked to the Financial Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund return is greater than zero, the payout at maturity will be par of $10 plus two times the fund return, subject to a maximum return that is expected to be 10.8% to 12.8% and will be set at pricing. Investors will receive par if the fund declines by 10% or less and lose 1% for every 1% that the fund declines beyond 10%.

UBS Financial Services Inc. and Barclays are the agents.

The notes are expected to price Jan. 26.

The Cusip number is 06745R271.

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