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Published on 6/3/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $1.4 million buffered notes linked to Russell 2000

By Sarah Lizee

Olympia, Wash., June 3 – Barclays Bank plc priced $1.4 million of 4.3% buffered notes due May 31, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

If the index return is greater than or equal to negative 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline beyond 15%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered notes
Underlying index:Russell 2000 index
Amount:$1,396,000
Maturity:May 31, 2024
Coupon:4.3%, payable quarterly
Price:Par
Payout at maturity:If the index return is greater than or equal to negative 15%, par; otherwise, 1% loss for every 1% decline beyond 15%
Initial index level:1,504.02
Pricing date:May 28
Settlement date:May 31
Agent:Barclays
Fees:3.29%
Cusip:06747MS49

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