New Issue: Barclays prices $241,000 notes tied to iShares MSCI EAFE, EM

By Susanna Moon

Chicago, May 11 – Barclays Bank plc priced $241,000 of 0% notes due May 3, 2023 linked to the iShares MSCI Emerging Markets ETF and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the gain of the worse performing fund.

Otherwise, investors will lose 1% for each 1% decline of the worse performing asset, with a minimum payout of 90% of par.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying assets:	iShares MSCI Emerging Markets ETF and iShares MSCI EAFE ETF
Amount:	$241,000
Maturity:	May 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each fund gains, par plus 1.5 times return of worse performing asset; otherwise, par plus return of worse performing fund, floor of 90% of par
Initial levels:	$70.74 for EAFE fund, $46.92 for EM fund
Pricing date:	April 30
Settlement date:	May 3
Agent:	Barclays
Fees:	1.125%
Cusip:	06746X4M2

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