New Issue: Barclays prices $2.63 million annual reset coupon buffer notes tied to Russell 2000

By Susanna Moon

Chicago, Dec. 31 – Barclays Bank plc priced $2.63 million of annual reset coupon buffered notes due Dec. 31, 2021 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The coupon will be 5.35% if the index gains or stays flat for that year. Otherwise, the coupon will be 3%. The return will be measured from its level a year earlier. Interest is payable annually

The payout at maturity will be par unless the index finishes below the 85% trigger level, in which case investors will lose 1% for each 1% decline beyond 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Annual reset coupon buffered notes
Underlying index:	Russell 2000
Amount:	$2.63 million
Maturity:	Dec. 31, 2021
Coupon:	5.35% if index return is at least zero, otherwise, 3%; payable annually
Price:	Par
Payout at maturity:	Par unless index falls by more than 15%, in which case 1% loss per 1% drop beyond 15%
Initial level:	1,148.21
Pricing date:	Dec. 28
Settlement date:	Dec. 31
Agent:	Barclays
Fees:	3.75%
Cusip:	06741UW91

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