By Sarah Lizee
Olympia, Wash., Aug. 23 – Barclays Bank plc priced $1.98 million of 0% notes due Aug. 26, 2020 linked to an unequally-weighted basket of funds, according to a 424B2 filed with the Securities and Exchange Commission.
The basket consists of the SPDR S&P MidCap 400 ETF Trust with a 60% weight and the iShares Russell 2000 ETF with a 40% weight.
The payout at maturity will be par plus the lesser of 1.5 times any basket gain and 20.70%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying basket: | SPDR S&P MidCap 400 ETF Trust (60% weight) and iShares Russell 2000 ETF (40% weight)
|
| Amount: | $1,975,000
|
| Maturity: | Aug. 26, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus lesser of 1.5 times any basket gain and 20.70%; par if basket falls by up to 15%; 1% loss for every 1% decline beyond 15%
|
| Initial prices: | $370.54 for SPDR S&P MidCap, $170.76 for iShares Russell
|
| Pricing date: | Aug. 21
|
| Settlement date: | Aug. 24
|
| Agent: | Barclays
|
| Fees: | None
|
| Cusip: | 06746XN33
|
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