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Barclays plans 10-year trigger gears tied to S&P 500, Euro Stoxx 50
New York, July 14 – Barclays Bank plc plans to price 0% trigger gears due July 30, 2021 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each index will have an equal weight in the basket.
If the basket return is positive, the payout at maturity will be par of $10 plus 1.25 to 1.3 times the basket gain. The exact leverage will be set at pricing.
Investors will receive par if the basket ends at or above the 60% downside threshold and will lose 1% for each 1% decline from its initial level if the basket declines below the threshold.
Barclays and UBS Financial Services Inc. are the agents.
The notes will price on July 26 and settle on July 31.
The Cusip number is 06746L109.
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