Published on 2/4/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $23.63 million Accelerated Return Notes on Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Feb. 4 – Barclays Bank plc priced $23.63 million of 0% Accelerated Return Notes due March 26, 2021 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 12.05%. Investors will be exposed to any index decline.
BofA Securities, Inc. is the agent.
| Issuer: | Barclay Bank plc
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | Russell 2000
|
| Amount: | $23,633,250
|
| Maturity: | March 26, 2021
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, capped at par plus 12.05%; full exposure to losses
|
| Initial level: | 1,648.219
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 6
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 06747E385
|
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