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
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Issue: | Capped gears
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Underlying index: | MSCI EAFE
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Amount: | $25,601,000
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Maturity: | May 21, 2018
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Coupon: | 0%
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Price: | Par of $10
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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
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Initial index level: | 1,774.47
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Pricing date: | April 18
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Settlement date: | April 20
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 2%
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Cusip: | 06746J617
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