New Issue: Barclays sells $1.45 million buffered callable notes on Russell 2000

By Marisa Wong

Los Angeles, June 1 – Barclays Bank plc priced $1.45 million of 3.75% buffered callable fixed-coupon notes due March 29, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

After six months, the notes are callable in whole at par on any monthly call date.

The payout at maturity will be par unless the index falls by more than 15%, in which case investors will lose 1% for every 1% index decline beyond 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered callable fixed-coupon notes
Underlying index:	Russell 2000 index
Amount:	$1,451,000
Maturity:	March 29, 2024
Coupon:	3.75%, payable monthly
Price:	Par
Payout at maturity:	Par unless the index falls by more than 15%, in which case 1% loss for every 1% index decline beyond 15%
Call option:	In whole at par on any monthly call date after six months
Initial level:	2,221.48
Buffer level:	1,888.26, 85% of initial level
Pricing date:	March 26
Settlement date:	March 31
Agent:	Barclays
Fees:	3%
Cusip:	06748EDC4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.