New Issue: Barclays prices $1.1 million capped barrier notes tied to a performance-weighted basket

By William Gullotti

Buffalo, N.Y., Feb. 13 – Barclays Bank plc priced $1.1 million of 0% capped barrier notes due Feb. 11, 2027 linked to a performance-weighted basket of assets consisting of the iShares MSCI Emerging Markets ETF, the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

At maturity, the weights of the basket components will be weighted by performance, with the best-performing underlier weighted at 80%, the next at 20% and the worst at 0%

If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a maximum payout of par plus 54%.

Investors will receive par if the basket declines by no more than 20% and lose 1% for every 1% of basket decline if it finishes below its 80% barrier level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped barrier notes
Underlying basket:	iShares MSCI Emerging Markets ETF, iShares MSCI EAFE ETF, Euro Stoxx 50 index; weighted by performance with best-performing underlier weighted at 80%, the next at 20% and worst at 0%
Amount:	$1.1 million
Maturity:	Feb. 11, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, capped at par plus 54%; if basket falls by no more than 20%, par; otherwise, full exposure to basket decline from initial level
Initial levels:	$39.41 for EM ETF, $75.04 for EAFE ETF, 4,710.78 for Stoxx
Barrier level:	80% of initial level
Pricing date:	Feb. 8
Settlement date:	Feb. 13
Agent:	Barclays
Fees:	0.85%
Cusip:	06745PTL5

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