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Published on 9/18/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3 million review notes linked to Nasdaq, Dow

By Wendy Van Sickle

Columbus, Ohio, Sept. 18 – Barclays Bank plc priced $3 million of 0% review notes due Sept. 13, 2024 linked to the worse performing of the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call premium of 9.15% per year if each index closes at or above its initial level on any annual review date.

If the notes are not called, the payout at maturity will be par unless the worse performing index falls by more than 20%, in which case 1.25% loss for each 1% decline beyond 20%.

Barclays is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

Issuer:Barclays Bank plc
Issue:Review notes
Underlying indexes:Nasdaq-100 index, Dow Jones industrial average
Amount:$3 million
Maturity:Sept. 13, 2024
Coupon:0%
Price:Par
Payout at maturity:Par if the worse performing falls by up to 20%; 1.25% loss for each 1% decline beyond 20%
Call:At par plus 9.15% per year if each index closes at or above initial level on any annual review date
Initial level:7,917.34 for Nasdaq, 27,182.45 for Dow
Barrier level:6,333.872 for Nasdaq, 21,745.96 for Dow, 80% of initial level
Pricing date:Sept. 13
Settlement date:Sept. 18
Underwriter:Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:1%
Cusip:06747NH98

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