Published on 7/1/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.04 million buffered notes linked to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, July 1 – Barclays Bank plc priced $2.04 million of 4.15% buffered notes due June 28, 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
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Issue: | Buffered notes
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Underlying index: | Russell 2000 index
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Amount: | $2,044,000
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Maturity: | June 28, 2024
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Coupon: | 4.15%, payable quarterly
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Price: | Par
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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%
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Initial index level: | 1,521.04
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Pricing date: | June 25
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Settlement date: | June 28
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Agent: | Barclays
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Fees: | 3.26%
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Cusip: | 06747MWX0
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