Published on 7/3/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $36.42 million Accelerated Return Notes on Russell
By Wendy Van Sickle
Columbus, Ohio, July 3 – Barclays Bank plc priced $36.42 million of 0% Accelerated Return Notes due Aug. 28, 2020 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 13.74%. Investors will be exposed to any index decline.
BofA Merrill Lynch is the agent.
| Issuer: | Barclay Bank plc
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $36,415,210
|
| Maturity: | Aug. 28, 2020
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, capped at par plus 13.74%; full exposure to losses
|
| Initial level: | 1,546.55
|
| Pricing date: | June 27
|
| Settlement date: | July 5
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 097098693
|
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