New Issue: Barclays sells $1.5 million capped gears on Financial Select Sector

By Marisa Wong

Morgantown, W.Va., May 13 – Barclays Bank plc priced $1.5 million of 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.

If the ETF return is greater than zero, the payout at maturity will be par of $10 plus 3 times the ETF return, capped at par plus 16.3%. Investors will be fully exposed to any ETF decline.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped gears
Underlying ETF:	Financial Select Sector SPDR fund
Amount:	$1.5 million
Maturity:	June 30, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the ETF return is greater than zero, par plus 3 times the ETF return, capped at par plus 16.3%; full exposure to losses
Initial value:	$27.45
Pricing date:	April 25
Settlement date:	April 30
Agents:	UBS Financial Services Inc. and Barclays
Fees:	2%
Cusip:	06747A490

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