New Issue: Barclays prices $1.36 million autocallable leveraged buffered notes on Russell 2000

By William Gullotti

Buffalo, N.Y., April 11 – Barclays Bank plc priced $1.36 million of autocallable leveraged buffered notes due March 30, 2026 linked to the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a 10% call premium if the index closes at or above its initial level on March 25, 2025.

If the notes are not called and the index finishes positive, the payout at maturity will be par plus 1.4 times the gain of the index.

Investors will receive par if the index falls by no more than 10% and lose 1% for each 1% that the index declines beyond 10%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable leveraged buffered notes
Underlying index:	Russell 2000 index
Amount:	$1,362,000
Maturity:	March 30, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.4 times any index gain; par if index falls by no more than 10%; otherwise, 1% loss for every 1% decline beyond 10%
Call:	Automatically at par plus a 10% call premium if the index closes at or above initial level on March 25, 2025
Initial level:	2,074.163
Buffer level:	1,866.75; 90% of initial level
Pricing date:	March 25
Settlement date:	March 28
Agent:	Barclays
Fees:	2.55%
Cusip:	06745Q4M8

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.