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
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Issue: | Buffered notes
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Underlying index: | Russell 2000
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Amount: | $281,000
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Maturity: | Oct. 30, 2026
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Coupon: | 3.75%, payable quarterly
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Price: | Par
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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%
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Initial level: | 1,571.93
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Pricing date: | Oct. 28
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Settlement date: | Oct. 31
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Agent: | Barclays
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Fees: | 3.75%
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Cusip: | 06747NJR6
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