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Published on 9/15/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $93,000 notes on S&P 500 and the Russell 2000

Chicago, Sept. 16 – Barclays Bank plc priced $93,000 of notes due Aug. 30, 2024 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.25 times the return of the least performing index, subject to a maximum return of 30%.

If the worst performer declines by up to 10%, investors will receive par.

Investors will be exposed to losses beyond the 10% buffer with a minimum payout of $950 per $1,000 principal amount of notes.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Notes
Underlier:S&P 500 and the Russell 2000
Amount:$93,000
Maturity:Aug. 30, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.25 times the least performing index with a cap of 30% return; par if least performer declines up to 10%; 1% to 1% loss beyond 10% buffer with a minimum payout of $950 per $1,000 principal amount of notes
Initial level:2,869.16 for S&P, 1,456.04 for Russell
Buffer level:90% of initial levels
Pricing date:Aug. 27
Settlement date:Aug. 30
Agent:Barclays
Fees:4.35%
Cusip:06747NB45

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