New Issue: Barclays sells $6.42 million trigger gears linked to S&P 500

By Marisa Wong

Los Angeles, July 10 – Barclays Bank plc priced $6,419,000 of 0% trigger gears due June 30, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.1975 times any index gain.

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

Otherwise, investors will lose 1% for every 1% that the index declines below the initial level.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger gears
Underlying index:	S&P 500
Amount:	$6,419,000
Maturity:	June 30, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.1975 times any index gain; par if index finishes flat or falls by up to 25%; otherwise, full exposure to any index decline
Initial level:	3,083.76
Downside threshold:	2,312.82, 75% of initial level
Pricing date:	June 25
Settlement date:	June 30
Agents:	UBS Financial Services Inc. and Barclays
Fees:	3.5%
Cusip:	06747H149

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