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Published on 2/18/2021 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $6.94 million trigger gears tied to FTSE 100

By Taylor Fox

New York, Feb. 18 – Barclays Bank plc priced $6.94 million of 0% trigger gears due Jan. 30, 2026 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.8 times any index gain.

If the index finishes flat or falls by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the index declines below the initial level.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:Barclays Bank plc
Issue:Trigger gears
Underlying index:FTSE 100 index
Amount:$6,941,260
Maturity:Jan. 30, 2026
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 1.8 times any index gain; par if index finishes flat or falls by up to 25%; otherwise, full exposure to any index decline
Initial level:6,567.37
Downside threshold:4,925.53, 75% of initial level
Pricing date:Jan. 27
Settlement date:Jan. 29
Agents:UBS Financial Services Inc. and Barclays Capital Inc.
Fees:3.5%
Cusip:06744A857

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