Barclays plans to price five-year trigger gears linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 13 – Barclays Bank plc plans to price 0% trigger gears due Sept. 30, 2021 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.23 to 1.33 times any index gain. The exact upside gearing will be set at pricing.

Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below the 60% downside threshold.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on Sept. 27 and settle on Sept. 30.

The Cusip number is 06745B516.

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