New Issue: Barclays sells $3.72 million leveraged barrier notes tied to Dow, S&P

By William Gullotti

Buffalo, N.Y., Oct. 12 – Barclays Bank plc priced $3.72 million of 0% leveraged barrier notes due July 30, 2026 linked to the least performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.3 times of any gain in the least performing index.

If the least performing index falls by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Leveraged barrier notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$3,721,000
Maturity:	July 30, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.3 times any gain of least performing index; par if least performing index falls by up to 25%; otherwise, lose 1% for every 1% decline of worst performer from initial level
Initial levels:	35,061.55 for Dow, 4,411.79 for S&P
Barrier levels:	26,296.16 for Dow, 3,308.84 for S&P; 75% of initial levels
Pricing date:	July 23
Settlement date:	July 28
Agent:	Barclays
Fees:	0.9%
Cusip:	06748W2Y8

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