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Published on 10/30/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $11.47 million trigger gears linked to six indexes

By Angela McDaniels

Tacoma, Wash., Oct. 30 – Barclays Bank plc priced $11.47 million of 0% trigger gears due Oct. 31, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket contains 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 greater than zero, the payout at maturity will be par of $10 plus 2.45 times the basket return. Investors will receive par if the basket declines by 20% or less and be fully exposed to the basket’s decline from its initial level if it declines by more than 20%.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:Barclays Bank plc
Issue:Trigger gears
Underlying indexes:Euro Stoxx 50 (40% weight), Nikkei 225 (20% weight), FTSE 100 (20% weight), S&P/ASX 200 (7.5% weight), Swiss Market (7.5% weight) and Hang Seng (5% weight)
Amount:$11,469,820
Maturity:Oct. 31, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:If basket return is greater than zero, par plus 2.45 times basket return; par if basket return declines by 20% or less; full exposure to basket’s decline from initial level if it falls by more than 20%
Pricing date:Oct. 27
Settlement date:Oct. 31
Agents:UBS Financial Services Inc. and Barclays
Fees:3.5%
Cusip:06746M446

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