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Published on 5/24/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $4.03 million of buffered notes due 2020 on index, ETF

By Devika Patel

Knoxville, Tenn., May 24 – Barclays Bank plc priced $4,025,000 of 5.3% buffered notes due May 27, 2020 linked to the least performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

Interest will payable monthly.

The payout at maturity will be par unless the worst-performing underlying falls beyond 20%, in which case investors will lose 1% for each 1% the worst performer declines beyond the 20% buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered notes
Underlyings:Russell 2000 and iShares MSCI EAFE exchange-traded fund
Amount:$4,025,000
Maturity:May 27, 2020
Coupon:5.3%, payable monthly
Price:Par
Payout at maturity:Par unless worst performer declines more than 20%, in which case, 1% loss for every 1% worst performer drops beyond 20%
Initial levels:1,524.96 for Russell, $64.51 for EAFE
Pricing date:May 21
Settlement date:May 24
Agent:Barclays
Fees:None
Cusip:06747MVQ6

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