Published on 7/8/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.34 million of capped trigger gears linked to Russell
By Angela McDaniels
Tacoma, Wash., July 8 – Barclays Bank plc priced 0% capped trigger gears due June 30, 2022 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 two times the index return, subject to a maximum return of 30.7%. 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.
Issuer: | Barclays Bank plc
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Issue: | Capped trigger gears
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Underlying index: | Russell 2000
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Amount: | $3,341,500
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Maturity: | June 30, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is greater than zero, par plus two times index return, subject to maximum return of 30.7%; par if index declines by 25% or less; full exposure to index’s decline from initial level if index declines by more than 25%
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Initial level: | 1,521.04
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Downside threshold: | 1,140.776, or 75% of initial level
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Pricing date: | June 25
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Settlement date: | June 28
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 2.5%
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Cusip: | 06747B340
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