Barclays plans three-year notes linked to EquityCompass Share Buyback

By Susanna Moon

Chicago, Jan. 12 – Barclays Bank plc plans to price 0% notes due Feb. 7, 2019 linked to the EquityCompass Share Buyback index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are putable subject to a minimum of $10,000 principal amount of notes. If the closing indicative note value falls to or below $250, the notes will be automatically called.

For each $1,000 principal amount of notes, the payout at maturity or upon redemption will be 97.5% of the sum of (a) $1,000 plus (b) $1,000 multiplied by the closing indicative note return.

The indicative note return on any day is the percentage change of the closing indicative note value from the initial closing indicative note value to the current closing indicative note value on that day.

The initial closing indicative note value is $1,000. On any business day, it will be (a) the closing indicative note value on the last note rebalancing date multiplied by (b) one plus the net index periodic return as of that business day. The note rebalancing dates are the sixth calendar day of each month.

The net index periodic return equals the index periodic return as of that business day minus the investor fee, which is 0.9% per year.

The index periodic return equals the performance of the index from its closing level on the last note rebalancing date to its closing level on that business day.

Barclays is the agent.

The notes will price on Feb. 4 and settle on Feb. 9.

The Cusip number is 06741U2Z6.

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