New Issue: Barclays sells $17.8 million capped gears tied to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Jan. 4 – Barclays Bank plc priced $17.8 million of 0% capped gears due Feb. 28, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 3 times any index gain, capped at $11.785 per $10 note.

Investors will be fully exposed to any index decline.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped gears
Underlying index:	Russell 2000
Amount:	$17,801,970
Maturity:	Feb. 28, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 3 times any index gain, capped at par plus 17.85%; full exposure to losses
Initial level:	1,996.25
Pricing date:	Dec. 28
Settlement date:	Dec. 31
Agents:	UBS Financial Services Inc. and Barclays
Fees:	2%
Cusip:	06747L488

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