Published on 9/30/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.62 million 4% coupon buffered notes linked to Russell
By Kiku Steinfeld
Chicago, Sept. 30 – Barclays Bank plc priced $1.62 million of 4% buffered notes due Aug. 31, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par unless the underlying asset falls by more than 15%, in which case investors will be exposed to any losses beyond the buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered notes
|
| Underlying asset: | Russell 2000 index
|
| Amount: | $1,618,000
|
| Maturity: | Aug. 31, 2026
|
| Coupon: | 4%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless either asset falls by more than 15%, in which case 1% loss per 1% decline beyond 15%
|
| Initial level: | 1,456.04
|
| Pricing date: | Aug. 27
|
| Settlement date: | Aug. 30
|
| Agent: | Barclays
|
| Fees: | 3.785%
|
| Cusip: | 06747NBG8
|
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