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Barclays to price 14-month capped gears tied to basket of six indexes
By Marisa Wong
Morgantown, W.Va., Sept. 26 – Barclays Bank plc plans to price 0% capped gears due Nov. 30, 2018 linked to a basket of 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 Nikkei 225 index with a 20% weight, the FTSE 100 index with a 20% weight, the S&P/ASX 200 index with a 7.5% weight, the Swiss Market index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket return is positive, the payout at maturity will be par plus 3 times the basket return, subject to a maximum gain of 17% to 19%. If the basket return is negative, investors will have full exposure to the decline.
Barclays and UBS Financial Services Inc. are the agents.
The notes will price on Sept. 27.
The Cusip number is 06746M651.
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