New Issue: Barclays sells $1.26 million 8% capital at-risk notes on 10-year ICE swap rate

By Wendy Van Sickle

Columbus, Ohio, Aug. 20 – Barclays Bank plc priced $1.26 million of 8% capital at-risk notes due Aug. 20, 2020 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

If the final swap rate is greater than the barrier swap rate, 50% of the initial swap rate, the payout at maturity will be par.

Otherwise, investors will be fully exposed to the decline in the swap rate.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capital at-risk notes
Reference rate:	10-year U.S. dollar ICE swap rate
Amount:	$1,259,000
Maturity:	Aug. 20, 2020
Coupon:	8%
Price:	Par
Payout at maturity:	Par unless final swap rate is below barrier rate, in which case full exposure to decline
Initial swap rate:	1.471%
Barrier rate:	0.736%, 50% of initial rate
Pricing date:	Aug. 16
Settlement date:	Aug. 21
Underwriter:	Barclays
Fees:	2%
Cusip:	06747NDX9

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