New Issue: Barclays prices $1.15 million contingent coupon buffered notes on S&P, Russell

By William Gullotti

Buffalo, N.Y., Feb. 6 – Barclays Bank plc priced $1.15 million of contingent coupon barrier notes due Jan. 28, 2027 linked to the performance of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annualized rate of 7.5% if each index closes at or above its coupon barrier level, 80% of its initial level, on the related observation date.

If each index finishes at or above its 80% buffer level, the payout at maturity will be par plus the final coupon.

Otherwise, investors will lose 1% for each 1% that the worst performer declines beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Contingent coupon buffered notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$1.15 million
Maturity:	Jan. 28, 2027
Contingent coupon:	7.5% per year, payable quarterly if each index closes at or above coupon barrier on related quarterly observation date
Price:	Par
Payout at maturity:	If each index finishes at or above buffer level, par plus final coupon; otherwise, lose 1% for each 1% that the worst performer declines beyond buffer
Initial levels:	1,961.865 for Russell, 4,868.55 for S&P
Coupon barriers:	1,569.49 for Russell, 3,894.84 for S&P; 80% of initial levels
Buffer levels:	1,569.49 for Russell, 3,894.84 for S&P; 80% of initial levels
Pricing date:	Jan. 24
Settlement date:	Jan. 29
Agent:	Barclays
Fees:	0.5%
Cusip:	06745PKP5

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