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Published on 10/31/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $281,000 3.75% buffered notes linked to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Oct. 30 – Barclays Bank plc priced $281,000 of 3.75% buffered notes due Oct. 31, 2026 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 each 1% that the index declines beyond 15%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered notes
Underlying index:Russell 2000
Amount:$281,000
Maturity:Oct. 30, 2026
Coupon:3.75%, payable quarterly
Price:Par
Payout at maturity:If index return is greater than or equal to negative 15%, par; otherwise, 1% loss for each 1% that index declines beyond 15%
Initial level:1,571.93
Pricing date:Oct. 28
Settlement date:Oct. 31
Agent:Barclays
Fees:3.75%
Cusip:06747NJR6

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