Published on 11/17/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $705,000 capped buffer gears linked to FTSE 100
By Kiku Steinfeld
Chicago, Nov. 17 – Barclays Bank plc priced $705,000 of 0% capped buffer gears due Oct. 31, 2022 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 2 times the index return, capped at par plus 16.3%. Investors will receive par if the index declines by 10% or less and lose 1% for every 1% that the index declines beyond 10%.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Capped buffer gears
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Underlying index: | FTSE 100
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Amount: | $705,000
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Maturity: | Oct. 31, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index return is greater than zero, par plus 2 times the index return, capped at par plus 16.3%; par if the index declines by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial index level: | 5,582.80
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Downside threshold: | 5,024.52, 90% of initial level
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Pricing date: | Oct. 28
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Settlement date: | Oct. 30
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Agent: | Barclays
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Fees: | 2%
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Cusip: | 06747K324
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