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Published on 7/2/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $10.95 million notes due 2024 linked to the Dow

By Sarah Lizee

Olympia, Wash., July 2 – Barclays Bank plc priced $10.95 million of 0% notes due June 28, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the lesser of 2.25 times the gain and 93.06%.

If the index falls, the payout will be par plus the return of the index with full exposure to the decline.

BofA Securities, Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Notes
Underlying index:Dow Jones industrial average
Amount:$10,954,860
Maturity:June 28, 2024
Coupon:0%
Price:Par
Payout at maturity:If the index return is positive, par plus the lesser of 2.25 times gain and 93.06%; otherwise, par plus the return of the index with full exposure to the decline
Initial index level:26,526.58
Pricing date:June 27
Settlement date:July 5
Agent:BofA Securities, Inc.
Fees:2.5%
Cusip:06747B399

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