New Issue: Barclays prices $3.62 million capped gears tied to Financial Select Sector

By Wendy Van Sickle

Columbus, Ohio, March 2 – Barclays Bank plc priced $3.62 million of 0% capped gears due April 30, 2018 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes above its initial level, the payout at maturity will be par plus 3 times the gain, up to a maximum return of 17.5%.

If the fund return is negative, investors will lose 1% for each 1% decline.

Barclays and UBS Financial Services Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped gears
Underlying ETF:	Financial Select Sector SPDR fund
Amount:	$3,621,930
Maturity:	April 30, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund return is greater than zero, par plus three times fund return, subject to 17.5% maximum gain; if fund return is negative, exposure to decline
Initial share price:	$24.61
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agents:	UBS Financial Services Inc. and Barclays
Fees:	2%
Cusip:	06745T301

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