Published on 2/1/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $8.56 million capped gears tied to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Feb. 1 – Barclays Bank plc priced $8.56 million of 0% capped gears due March 31, 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 $11.90 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
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Issue: | Capped gears
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Underlying index: | Russell 2000
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Amount: | $8,561,150
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Maturity: | March 31, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 3 times any index gain, capped at par plus 19%; full exposure to losses
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Initial level: | 2,149.856
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Pricing date: | Jan. 26
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Settlement date: | Jan. 29
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 2%
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Cusip: | 06744A865
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