New Issue: Barclays prices $1.38 million principal at risk floating-rate notes on CPI, Russell

By Susanna Moon

Chicago, Jan. 22 - Barclays Bank plc priced $1.38 million of principal at risk floating-rate notes due Jan. 24, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be equal to the year-over-year change in the Consumer Price Index plus a spread of 250 basis points. Interest will be payable monthly and cannot be less than zero.

The payout at maturity will be par unless the Russell 2000 finishes below its 50% trigger level, in which case the payout will be par plus the index return with full exposure to any losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Principal at risk floating-rate notes
Underlying indexes:	Russell 2000, Consumer Price Index
Amount:	$1,375,000
Maturity:	Jan. 24, 2024
Coupon:	Year-over-year change in CPI plus 250 bps, floor of 0%; payable monthly
Price:	Variable
Payout at maturity:	Par unless index falls by 50% or more, in which case par plus return with full exposure to losses
Initial index level:	1,175.72
Pricing date:	Jan. 21
Settlement date:	Jan. 24
Agent:	Barclays
Fees:	3%
Cusip:	06741T4B0

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