New Issue: Barclays prices $652,000 callable range accrual notes linked to Russell

By William Gullotti

Buffalo, N.Y., Sept. 13 – Barclays Bank plc priced $652,000 of callable range accrual notes due June 28, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 3.5% per year multiplied by the proportion of days on which the index closes at or above its coupon barrier level, 85% of the initial level. Interest is payable monthly.

The notes will be callable at par on any interest payment date after six months.

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% that the index declines beyond 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable range accrual notes
Underlying index:	Russell 2000
Amount:	$652,000
Maturity:	June 28, 2024
Coupon:	3.5% per year multiplied by proportion of days on which index closes at or above coupon barrier; payable monthly
Price:	Par
Payout at maturity:	Par unless index falls by more than 15%, in which case 1% loss for every 1% decline beyond 15%
Call option:	At par on any interest payment date after six months
Initial index level:	2,334.396
Coupon barrier:	1,984.24, 85% of initial level
Pricing date:	June 25
Settlement date:	June 28
Underwriter:	Barclays
Fees:	3%
Cusip:	06748EW33

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