Published on 5/8/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.83 million 14-month capped gears linked to MSCI EAFE
By Marisa Wong
Morgantown, W.Va., May 8 – Barclays Bank plc priced $3.45 million of 0% capped buffered gears due June 29, 2018 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 12.45%.
Investors will be fully exposed to any index decline.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Capped gears
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Underlying index: | MSCI EAFE
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Amount: | $3,833,500
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Maturity: | June 29, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any index gain, capped at 12.45%; full exposure to losses
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Initial index level: | 1,839.04
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Pricing date: | April 26
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Settlement date: | April 28
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Agents: | Barclays and UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 06746J773
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