Published on 7/31/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.92 million capped gears due 2019 on MSCI EAFE
By Susanna Moon
Chicago, July 31 – Barclays Bank plc priced $2.92 million of 0% capped gears due Sept. 30, 2019 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 12.6%.
Investors will be exposed to any losses.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped gears
|
| Underlying index: | MSCI EAFE
|
| Amount: | $2,917,700
|
| Maturity: | Sept. 30, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 3 times any index gain, capped at 12.6%; 1% loss for each 1% decline
|
| Initial index level: | 2,002.30
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agents: | Barclays and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 06746T599
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
