New Issue: Barclays sells $5.2 million 8% buffered fixed-coupon notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., July 2 – Barclays Bank plc priced $5.2 million of 8% buffered fixed-coupon notes due June 30, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If each asset finishes at or above 80% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% per 1% decline of the lesser performing index beyond the 20% buffer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered fixed-coupon notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$5.2 million
Maturity:	June 30, 2021
Coupon:	8%, payable monthly
Price:	Par
Payout at maturity:	If each index finishes at or above buffer level, par; otherwise, 1% loss for every 1% decline of lesser performing index beyond buffer
Initial levels:	1,439.34 for Russell, 3,131.29 for S&P
Buffer levels:	1,151.47 for Russell, 2,505.03 for S&P, 80% of initial level
Pricing date:	June 24
Settlement date:	June 29
Agent:	Barclays
Fees:	None
Cusip:	06747Q3X3

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