New Issue: Barclays prices $8.69 million 8% buffered fixed coupon notes on S&P index, iShares ETF

By William Gullotti

Buffalo, N.Y., May 24 – Barclays Bank plc priced $8.69 million of 8% buffered fixed coupon notes due Nov. 25, 2024 linked to the least performing of the iShares MSCI EAFE ETF and the S&P 500 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 80% of the initial level, the payout at maturity will be par.

Otherwise, investors will lose 1.25% per 1% drop in the worst performer beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered fixed coupon notes
Underlying assets:	iShares MSCI EAFE ETF, S&P 500 index
Amount:	$8,685,000
Maturity:	Nov. 25, 2024
Coupon:	8% annual rate, payable monthly
Price:	Par
Payout at maturity:	If least-performing underlier finishes at or above 80% of initial level, par; otherwise, 1.25% loss for every 1% decline of worst performer beyond 20%
Initial levels:	$73.34 for ETF, 4,158.77 for S&P
Buffer level:	$58.67 for ETF, 3,327.02 for S&P; 80% of initial levels
Strike date:	May 17
Pricing date:	May 18
Settlement date:	May 23
Underwriter:	Barclays
Fees:	None
Cusip:	06745ME38

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