New Issue: Barclays prices $1.77 million callable range accrual buffered notes tied to Russell 2000

By William Gullotti

Buffalo, N.Y., April 11 – Barclays Bank plc priced $1.77 million of callable range accrual buffered notes due March 31, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 7.5% 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 index
Amount:	$1,767,000
Maturity:	March 31, 2027
Coupon:	7.5% 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:	2,074.163
Coupon barrier:	1,763.04; 85% of initial level
Pricing date:	March 25
Settlement date:	March 28
Underwriter:	Barclays
Fees:	2.5%
Cusip:	06745Q3P2

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