New Issue: Barclays prices $1.41 million notes due 2019 linked basket of ETFs

By Wendy Van Sickle

Columbus, Ohio, July 24 – Barclays Bank plc priced $1.41 million of 0% notes due Oct. 17, 2019 linked to an unequally-weighted basket of indexes, according to a 424B2 filed with the Securities and Exchange Commission.

The basket consists of the SPDR S&P 500 ETF trust with a 64% weight, the SPDR S&P MidCap 400 ETF with a 22% weight and the iShares Russell 2000 ETF with a 14% weight.

The payout at maturity will be par plus the lesser of any basket gain and 18.2%.

Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying basket:	SPDR S&P 500 ETF trust (64% weight), SPDR S&P MidCap 400 ETF (22% weight), iShares Russell 2000 ETF (14% weight)
Amount:	$1.41 million
Maturity:	Oct. 17, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus lesser of any basket gain and 18.2%; par if basket falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial prices:	$276.86 for S&P 500, $32.11 for MidCap, $167.11 for Russell
Pricing date:	July 11
Settlement date:	July 16
Agent:	Barclays
Fees:	0%
Cusip:	06746XGF4

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