New Issue: Barclays prices $7.4 million buffered fixed-coupon notes on Nasdaq, S&P

By Taylor Fox

New York, Nov. 16 – Barclays Bank plc priced $7.4 million of 6.5% buffered fixed-coupon notes due Oct. 26, 2021 linked to the least performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the lowest performing index finishes below the 80% buffer level, in which case investors will lose 1.25% for each 1% decline of the worst performer beyond the 20% buffer.

The notes are guaranteed by Barclays Bank plc.

Barclays is the agent.

Issuer:	Barclays Bank plc
Guarantor:	Barclays Bank plc.
Issue:	Buffered fixed-coupon notes
Underlying indexes:	Nasdaq-100 index and the S&P 500 index
Amount:	$7.4 million
Maturity:	Oct. 26, 2021
Coupon:	6.5% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless the lowest performing index finishes below buffer level, in which case investors will lose 1.25% for each 1% decline of the worst performer beyond the 20% buffer
Initial levels:	11,677.84 for Nasdaq and 3,443.12 for S&P
Buffer levels:	9,342.27 for Nasdaq and 2,754.50 for S&P, 80% of initial price
Pricing date:	Oct. 21
Settlement date:	Oct. 26
Agent:	Barclays Bank plc
Fees:	None
Cusip:	06747QN86

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