New Issue: Barclays sells $9.52 million capped gears on Financial Select Sector SPDR

By Wendy Van Sickle

Columbus, Ohio, Feb. 27 – Barclays Bank plc priced $9.52 million of 0% capped buffered gears due April 30, 2019 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 16%.

Investors will be fully exposed to any fund decline.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped gears
Underlying fund:	Financial Select Sector SPDR fund
Amount:	$9,515,520
Maturity:	April 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any fund gain, capped at 16%; full exposure to losses
Initial level:	$29.12
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agents:	Barclays and UBS Financial Services Inc.
Fees:	2%
Cusip:	06746Q843

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