Barclays plans to price trigger gears linked to Russell 2000 index

By Angela McDaniels

Tacoma, Wash., June 6 – Barclays Bank plc plans to price 0% trigger gears due June 30, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.35 to 1.45 times the index return. The exact upside gearing will be set at pricing. Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.

UBS Financial Services Inc. and Barclays are the agents.

The notes are expected to price June 27.

The Cusip number is 06740Q427.

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