New Issue: Barclays prices $25.93 million Leveraged Index Return Notes on Russell

By Marisa Wong

Los Angeles, Feb. 2 – Barclays Bank plc priced $25.93 million of 0% capped Leveraged Index Return Notes due Jan. 27, 2023 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

Barclays will issue a total of 2,597,070 notes with a principal amount of $10 each. Barclays has priced 750,000 of those notes at $9.95 per unit to be sold to a private investor. The remainder will be sold at par.

The payout at maturity will be par of $10 plus double any index gain, subject to a maximum payout of par plus 19.41%. If the index declines by up 10%, the payout will be par. Investors will lose 1% for every 1% index decline beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	Barclay Bank plc
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Russell 2000 index
Amount:	$25,933,200
Principal amount:	$25,970,700 (2,597,070 units with $10 face amount each)
Maturity:	Jan. 27, 2023
Coupon:	0%
Price:	$9.95 for 750,000 units; par of $10 for remaining units
Payout at maturity:	Par plus 2 times any index gain, capped at par plus 19.41%; par if index declines by up to 10%; 1% loss for every 1% index decline beyond 10%
Initial level:	2,106.609
Threshold level:	1,895.948, 90% of initial level
Pricing date:	Jan. 28
Settlement date:	Feb. 4
Agent:	BofA Securities, Inc.
Fees:	1.5% for 750,000 units; 2% for remaining units
Cusip:	06747L413

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