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Published on 2/26/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $21.18 million of return optimization securities tied to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Feb. 26 – Barclays Bank plc priced $21.18 million of return optimization securities due March 29, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par of $10 plus triple the gain, up to a maximum return of 19.15%.

Investors will be fully exposed to any losses.

UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.

Issuer:Barclays Bank plc
Issue:Return optimization securities
Underlying index:Russell 2000
Amount:$21,180,760
Maturity:March 29, 2017
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, capped at 19.15%; full exposure to any losses
Initial level:1,022.077
Pricing date:Feb. 24
Settlement date:Feb. 29
Agents:UBS Financial Services Inc. and Barclays
Fees:2%
Cusip:06744K137

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