Barclays plans three-year trigger gears with no cap tied to Russell 2000

By Susanna Moon

Chicago, May 10 – Barclays Bank plc plans to price 0% trigger gears due May 20, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.1 to 1.14 times any index gain.

If the index falls by up to 25%, the payout will be par.

If the index finishes below the 75% downside threshold, investors will lose 1% for every 1% decline.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on May 16 and settle on May 21.

The Cusip number is 06746R437.

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