New Issue: Barclays prices $1.27 million notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., April 2 – Barclays Bank plc priced $1.27 million of 0% notes due Dec. 30, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index’s return is greater than or equal to zero, the payout at maturity will be par plus 1.5 times the return of the lesser-performing index, subject to a maximum return of 37%.

If the lesser-performing index’s return is less than zero but greater than or equal to negative 5%, investors will be exposed to the decline of the lesser-performing index.

If the lesser-performing index’s return is less than negative 5%, the payout will be $950 per $1,000 principal amount of notes.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,269,000
Maturity:	Dec. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser-performing index’s return is greater than or equal to zero, par plus 1.5 times return of lesser-performing index, subject to maximum return of 37%; if lesser-performing index’s return is less than zero but greater than or equal to negative 5%, exposure to lesser-performing index’s decline; if lesser-performing index’s return is less than negative 5%, $950 per $1,000 principal amount of notes
Initial levels:	2,834.40 for S&P 500 and 1,539.74 for Russell 2000
Pricing date:	March 29
Settlement date:	April 3
Agent:	Barclays
Fees:	0.875%
Cusip:	06747MHZ2

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