New Issue: Barclays prices $583,000 leveraged notes with 95% floor tied to indexes

By Susanna Moon

Chicago, Dec. 26 – Barclays Bank plc priced $583,000 of 0% notes due Aug. 31, 2022 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying index finishes above its initial, the payout at maturity will be par plus 1.5 times the gain of the worse performing asset up to a maximum return of 30%.

If either asset falls, the payout will be par plus the return of the worse performing index with a minimum payout of 95% of par.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$583,000
Maturity:	Aug. 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset gains, par plus 1.5 times return of worse performing asset, capped at 30%; otherwise, plus return of worse performing index, floor of 95% of par
Initial levels:	1,492.86 for Russell and 2,682.17 for S&P
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agent:	Barclays
Fees:	2.85%
Cusip:	06746XW41

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