New Issue: Barclays prices $4 million 9.2% buffered fixed-coupon notes on index, ETF

By Kiku Steinfeld

Chicago, May 18 – Barclays Bank plc priced $4 million of 9.2% buffered fixed-coupon notes due June 17, 2021 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If the least-performing asset finishes at or above 80% of its initial level, the payout at maturity will be par.

Otherwise, investors will share in losses at a rate of 1.25% per 1% drop beyond the buffer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered fixed-coupon notes
Underlying assets:	Russell 2000 index and iShares MSCI EAFE ETF
Amount:	$4 million
Maturity:	June 17, 2021
Coupon:	9.2%, payable monthly
Price:	Par
Payout at maturity:	If least-performing asset finishes at or above 80% of initial level, par; otherwise, 1.25% loss for every 1% decline of least-performing asset beyond buffer
Initial levels:	1,233.25 for Russell, $55.64 for ETF
Buffer level:	986.60 for Russell, $44.51 for ETF, 80% of initial levels
Pricing date:	May 14
Settlement date:	May 19
Agent:	Barclays
Fees:	None
Cusip:	06747PTQ2

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