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Published on 7/5/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $3.78 million 5.1% notes with payout tied to index, ETF

By Wendy Van Sickle

Columbus, Ohio, July 5 – Barclays Bank plc priced $3.78 million of 5.1% notes due Oct. 27, 2017 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par if the lesser performing underlying asset gains or falls by up to the 25% buffer. Otherwise, investors will lose 1.25% for each 1% decline in the lesser performing asset beyond 25%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Notes
Underlying assets:Russell 2000 index and iShares MSCI EAFE ETF
Amount:$3,775,000
Maturity:Oct. 27, 2017
Coupon:5.1%, payable monthly
Price:Par
Payout at maturity:Par unless lesser performing asset falls by more than 25%, in which case 1.25% loss for each 1% lesser performing asset drops beyond 25%
Initial levels:1,127.54 for index, $53.66 for ETF
Pricing date:June 27
Settlement date:June 30
Agent:Barclays
Fees:None
Cusip:06741V5S7

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