New Issue: Barclays prices $1.25 million 5.1% buffered fixed-rate notes on Russell, Nasdaq, S&P

By William Gullotti

Buffalo, N.Y., Aug. 17 – Barclays Bank plc priced $1.25 million of 5.1% buffered fixed-coupon notes due Feb. 15, 2024 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If the least-performing asset finishes at or above 60% of the initial level, the payout at maturity will be par.

Otherwise, investors will share in losses at a rate of 1% per 1% drop beyond 40%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered fixed-coupon notes
Underlying indexes:	Russell 2000 index, Nasdaq-100 index, S&P 500 index
Amount:	$1.25 million
Maturity:	Feb. 15, 2024
Coupon:	5.1% annual rate, payable monthly
Price:	Par
Payout at maturity:	If least-performing index finishes at or above 60% of initial level, par; otherwise, 1% loss for every 1% decline of least-performing index beyond 40%
Initial levels:	1,975.26 for Russell, 13,291.99 for Nasdaq, 4,207.27 for S&P
Buffer level:	1,185.16 for Russell, 7,975.19 for Nasdaq, 2,524.36 for S&P; 60% of initial levels
Strike date:	Aug. 11
Pricing date:	Aug. 12
Settlement date:	Aug. 17
Underwriter:	Barclays
Fees:	0.3%
Cusip:	06748XNC1

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