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Published on 10/5/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $2.1 million 5.65% notes tied to Russell, MSCI EAFE fund

By Susanna Moon

Chicago, Oct. 5 – Barclays Bank plc priced $2.1 million of 5.65% notes due Jan. 4, 2018 linked to the lesser performing of 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.

The payout at maturity will be par unless either component falls by more than 20%, in which case investors will lose 1.25% for each 1% decline beyond 20%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Notes
Underlyings:Russell 2000 index and iShares MSCI EAFE ETF
Amount:$2.1 million
Maturity:Jan. 4, 2018
Coupon:5.65%, payable monthly
Price:Par
Payout at maturity:Par unless either component falls by more than 20%, in which 1.25% loss per 1% decline beyond 20%
Initial levels:1,255.67 for Russell and $59.41 for EAFE fund
Barrier levels:80% of initial levels
Pricing date:Sept. 29
Settlement date:Oct. 4
Agent:Barclays
Fees:None
Cusip:06741VCE0

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