Barclays plans leveraged notes with 95% floor on S&P 500, Russell

By Susanna Moon

Chicago, Dec. 14 – Barclays Bank plc plans to price 0% notes due Dec. 26, 2023 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 1.2 to 1.25 times the gain of the worse performing index, with the exact upside leverage factor to be set at pricing.

If either index falls, the payout will be par plus the return of the worse performing index with a minimum payout of $950 per $1,000 principal amount.

Barclays is the agent.

The notes will price on Dec. 20.

The Cusip number is 06741WEM8.

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