Published on 1/2/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $4.61 million capped trigger gears tied to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Jan. 4 – Barclays Bank plc priced $4.61 million of 0% capped trigger gears due Dec. 29, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 2 times any index gain, capped at $12.565 per $10 note.
If the index finishes flat or falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the index declines below the initial level.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Capped trigger gears
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Underlying index: | Russell 2000
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Amount: | $4,612,350
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Maturity: | Dec. 29, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 2 times any index gain, capped at par plus 25.65%; par if index finishes flat or falls by up to 25%; otherwise, full exposure to any index decline
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Initial level: | 1,996.25
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Downside threshold: | 1,497.188, 75% of initial level
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Pricing date: | Dec. 28
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Issue date: | Dec. 31
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 2.5%
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Cusip: | 06747L520
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