New Issue: Barclays sells $2.5 million leveraged barrier notes tied to basket

By Wendy Van Sickle

Columbus, Ohio, Oct. 6 – Barclays Bank plc priced $2.5 million of 0% leveraged barrier notes due April 8, 2027 linked to a basket of the Stoxx Europe 600 index (67.5% weight), the Nikkei 225 index (25% weight) and the S&P/ASX 200 index (7.5% weight), according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2.15 times of any gain in the basket.

If the basket falls by up to 25%, the payout will be par.

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

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Leveraged barrier notes
Underlying basket:	Stoxx Europe 600 index (67.5% weight) Nikkei 225 index (25% weight), S&P/ASX 200 index (7.5% weight)
Amount:	$2.5 million
Maturity:	April 8, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2.15 times any gain of basket; par if basket falls by up to 25%; otherwise, lose 1% for every 1% decline of basket from initial level
Initial level:	387.85 for Stoxx, 25,937.21 for Nikkei, 6,474.198 for S&P/ASX
Barrier level:	75% of initial level
Pricing date:	Oct. 3
Settlement date:	Oct. 6
Agent:	Barclays
Fees:	0.6%
Cusip:	06748XXC0

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