Barclays plans three-year leverage notes with 95% floor on indexes

By Susanna Moon

Chicago, July 11 – Barclays Bank plc plans to price 0% notes due Aug. 4, 2021 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above is initial level, the payout at maturity will be par plus 1.5 times the gain of the worse performing index up to a maximum return of 24% to 26%.

If either index falls, the payout will be par plus the return of the worse performing index with a minimum payout of $950 per $1,000 principal amount.

Barclays is the agent.

The notes will price on July 31.

The Cusip number is 06746XHP1.

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