Barclays to price capped gears linked to Financial Select Sector

By Sarah Lizee

Olympia, Wash., April 22 – Barclays Bank plc plans to price 0% capped gears due June 30, 2020 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 15.35% to 16.35%.

Investors will be fully exposed to any fund decline.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on April 25.

The Cusip number is 06747A490.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.