New Issue: Barclays prices $8.1 million capped gears linked to index basket

By Wendy Van Sickle

Columbus, Ohio, Feb. 1 – Barclays Bank plc priced $8.1 million of 0% capped gears due March 24, 2023 linked to an unequally-weighted basket of five indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 17.5% weight, the Nikkei 225 index with a 25% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus triple the basket return up to a maximum gain of 24.35%.

Investors will be fully exposed to any losses in the basket if the basket return is negative.

Barclays and UBS Financial Services Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped gears
Underlying indexes:	Euro Stoxx 50 index (40% weight), FTSE 100 index (17.5% weight), Nikkei 225 index (25% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
Amount:	$8,100,940
Maturity:	March 24, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times the basket return up to a maximum gain of 24.35%; full exposure to losses of basket if return is negative
Initial levels:	4,178.01 for Stoxx, 27,382.56 for Nikkei, 7,765.15 for FTSE, 11,332.3 for Swiss, 7,493.833 for S&P/ASX
Pricing date:	Jan. 27
Settlement date:	Jan. 31
Agent:	Barclays and UBS Financial Services Inc.
Fees:	2%
Cusip:	06748A358

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