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Published on 4/20/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $25.6 million capped gears linked to MSCI EAFE

By Marisa Wong

Morgantown, W.Va., April 20 – Barclays Bank plc priced $25.6 million of 0% capped gears due May 21, 2018 linked to the MSCI EAFE 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 three times the index return, subject to a maximum gain of 13.3%. If the index return is negative, investors will be exposed to the index’s decline.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:Barclays Bank plc
Issue:Capped gears
Underlying index:MSCI EAFE
Amount:$25,601,000
Maturity:May 21, 2018
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is greater than zero, par plus three times index return, subject to 13.3% maximum gain; if index return is negative, exposure to decline
Initial index level:1,774.47
Pricing date:April 18
Settlement date:April 20
Agents:UBS Financial Services Inc. and Barclays
Fees:2%
Cusip:06746J617

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