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Published on 8/8/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $105,000 fixed coupon buffered notes on Russell

Chicago, Aug. 8 – Barclays Bank plc priced $105,000 of fixed coupon buffered notes due July 31, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at an annual rate of 6.3%.

If the notes are not called and the index finishes at or above 85% of its initial level, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1% for each 1% decline beyond the 15% buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Fixed coupon buffered notes
Underlying index:Russell 2000 index
Amount:$105,000
Maturity:July 31, 2025
Coupon:6.3% annually, paid quarterly
Price:Par
Payout at maturity:Par plus final coupon unless the index finishes below buffer level, in which case 1% loss for each 1% decline of the index beyond 15% buffer
Initial level:1,980.355
Buffer level:1,683.30; 85% of initial level
Pricing date:July 26
Settlement date:July 31
Agent:Barclays
Fees:2.25%
Cusip:06745MTA6

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