Published on 6/30/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $17.65 million capped gears tied to Russell 2000
By William Gullotti
Buffalo, N.Y., June 30 – Barclays Bank plc priced $17.65 million of 0% capped gears due Aug. 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 a maximum gain of 14.15%.
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: | $17,648,860
|
| Maturity: | Aug. 31, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 3 times any index gain, capped at par plus 14.15%; full exposure to losses
|
| Initial level: | 2,334.396
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agents: | UBS Financial Services Inc. and Barclays
|
| Fees: | 2%
|
| Cusip: | 06747W302
|
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