New Issue: Barclays prices $1.44 million three-year trigger gears linked to index basket

By Wendy Van Sickle

Columbus, Ohio, Sept. 28 – Barclays Bank plc priced $1.44 million of 0% trigger gears due Sept. 30, 2021 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 weight of 40%, the FTSE 100 index with a weight of 20%, the Nikkei Stock Average index with a weight of 20%, the Swiss Market index with a weight of 7.5%, the S&P/ASX 200 index with a weight of 7.5% and the Hang Seng index with a weight of 5%.

The payout at maturity will be par of $10 plus 2.41 times any basket gain.

If the basket falls but not below the 70% downside threshold, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

UBS Financial Services Inc. and Barclays Capital Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger gears
Underlying basket:	Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng (5%)
Amount:	$1,438,900
Maturity:	Sept. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If basket gains, par plus 2.41 times return; if basket falls by up to 30%, par; otherwise, 1% loss per 1% decline
Initial levels:	3,433.15 for Stoxx, 7,511.49 for FTSE, 24,033.79 for Nikkei, 9,080.14 for Swiss Market and 6,192.276 for S&P/ASX and 27,816.87 for Hang Seng
Trigger levels:	70% of initial levels
Pricing date:	Sept. 26
Settlement date:	Sept. 28
Agents:	UBS Financial Services Inc. and Barclays Capital Inc.
Fees:	0%
Cusip:	06746U588

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