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Published on 10/17/2018 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3.29 million 4.5% five-year buffered notes on Russell

By Susanna Moon

Chicago, Oct. 17 – Barclays Bank plc priced $3.29 million of 4.5% buffered notes due Sept. 28, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless the index falls by more than 15%, in which case investors will be exposed to any losses beyond the buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered notes
Underlying asset:Russell 2000 index
Amount:$3,287,000
Maturity:Sept. 28, 2023
Coupon:4.5%, payable quarterly
Price:Par
Payout at maturity:Par unless index falls by more than 15%, in which case 1% loss per 1% decline beyond 15%
Initial level:1,708.81
Pricing date:Sept. 25
Settlement date:Sept. 28
Agent:Barclays
Fees:3.25%
Cusip:06746XNX7

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