New Issue: Barclays prices $695,000 contingent coupon notes linked to Russell

By Marisa Wong

Madison, Wis., July 28 – Barclays Bank plc priced $695,000 of contingent coupon notes due July 30, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a coupon of 1.6% (equivalent to 6.4% per year) if the index closes at or above the barrier level, 70% of the initial index level, on the observation date for that quarter.

If the final index level is greater than or equal to the barrier level, the payout at maturity will be par. If the final index level is less than the barrier level, investors will be fully exposed to the index’s decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Contingent coupon notes
Underlying index:	Russell 2000
Amount:	$695,000
Maturity:	July 30, 2021
Coupon:	1.6% per quarter (equivalent to 6.4% per year) if index closes at or above barrier level on observation date for that quarter
Price:	Par
Payout at maturity:	Par if final index level is greater than or equal to barrier price; otherwise, full exposure to index’s decline
Initial index level:	1,225.99
Barrier level:	858.19, 70% of initial level
Pricing date:	July 24
Settlement date:	July 31
Agent:	Barclays
Fees:	3.25%
Cusip:	06741UYY4

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