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Barclays plans three-year uncapped trigger gears linked to Russell
By Sarah Lizee
Olympia, Wash., June 1 – 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.
The payout at maturity will be par plus 1.107 to 1.137 times any index gain. The exact upside gearing will be set at pricing.
If the index falls by up to 25%, the payout will be par.
Investors will lose 1% for each 1% decline if the index finishes below its 75% downside threshold.
UBS Financial Services Inc. and Barclays are the agents.
The notes will price on June 26 and settle on June 29.
The Cusip number is 06746T847.
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