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Published on 2/12/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $452,000 notes tied to S&P 500, Russell 2000

Chicago, Feb. 12 – Barclays Bank plc priced $452,000 of 0% notes due July 31, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the gain of the worse performing index up to a 25% maximum return.

If the worst performing index finishes below its initial level but declines by less than 5% investors will receive the return of the worse performing index.

Otherwise, investors will receive a minimum payout of 95% of par.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Notes
Underlying indexes:S&P 500 index and Russell 2000 index
Amount:$452,000
Maturity:July 31, 2023
Coupon:0%
Price:Par
Payout at maturity:If each index gains, par plus return of worse performing index and 25%; otherwise, return of worse performing index, floor of 95% of par
Initial levels:3,225.52 for S&P, 1,614.06 for Russell
Pricing date:Jan. 31
Settlement date:Feb. 5
Agent:Barclays
Fees:1.65%
Cusip:06747NYG3

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