Published on 6/26/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.73 million trigger gears linked to index basket
By Kiku Steinfeld
Chicago, June 28 – Barclays Bank plc priced $5.73 million of 0% trigger gears due June 18, 2031 linked to a basket of equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 45% weight, the Euro Stoxx 50 index with a 22% weight, the Nikkei 225 index with a 13.75% weight, the FTSE 100 index with a 9.625% weight, the Swiss Market index with a 5.5% weight and the S&P/ASX 200 index with a 4.125%weight.
The payout at maturity will be par of $10 plus 1.7 times any basket gain.
If the basket finishes flat or falls by up to 35%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the basket declines below the initial level.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger gears
|
| Underlying indexes: | S&P 500 index (45% weight), the Euro Stoxx 50 index (22% weight), the Nikkei 225 index (13.75% weight), the FTSE 100 index (9.625% weight), the Swiss Market index (5.5% weight) and the S&P/ASX 200 index (4.125%) weight
|
| Amount: | $5,729,000
|
| Maturity: | June 18, 2031
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.7 times any basket gain; par if basket finishes flat or falls by up to 35%; otherwise, full exposure to any basket decline
|
| Initial index levels: | 4,255.15 for S&P, 4,132.67 for Euro Stoxx,161.80, for Nikkei 225, 7,146.68 for FTSE 100, 11,866.41 for Swiss Market, 7,379.470 for S&P/ASX 200
|
| Downside threshold: | 65% of initial level
|
| Pricing date: | June 14
|
| Settlement date: | June 17
|
| Agents: | UBS Financial Services Inc. and Barclays
|
| Fees: | 5%
|
| Cusip: | 06747T234
|
|
|
|
|
© 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.
