New Issue: Barclays sells $13.73 million capped buffer gears due 2020 on S&P 500

By Sarah Lizee

Olympia, Wash., Sept. 27 – Barclays Bank plc priced $13.73 million of 0% capped buffer gears due Sept. 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 2 times the index return, subject to a cap of par plus 17.55%.

If the index falls by up to 10%, the payout will be par.

Investors will lose 1% for every 1% decline beyond the 10% buffer.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped buffer gears
Underlying index:	S&P 500
Amount:	$13,732,410
Maturity:	Sept. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any index gain, capped at par plus 17.55%; par if index falls by up to 10%; 1% loss for every 1% decline beyond the 10% buffer
Initial value:	2,915.56
Downside threshold:	2,624, 90% of initial value
Pricing date:	Sept. 25
Settlement date:	Sept. 28
Agents:	Barclays and UBS Financial Services Inc.
Fees:	2%
Cusip:	06746U638

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