New Issue: Barclays prices $7.59 million market-linked step-up notes on Nikkei 225

By Marisa Wong

Morgantown, W.Va., Feb. 1 – Barclays Bank plc priced $7,590,860 of 0% market-linked step-up notes due Jan. 31, 2020 linked to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the step-up level – 120.5% of the initial level – the payout at maturity will be par of $10 plus the index gain.

If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 20.5%.

Investors will be fully exposed to any index decline.

BofA Merrill Lynch is the agent.

Issuer:	Barclays Bank plc
Issue:	Market-linked step-up notes
Underlying index:	Nikkei 225
Amount:	$7,590,860
Maturity:	Jan. 31, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes above the step-up level, par plus the index gain; if the index gains up to the step-up level, par plus 20.5%; full exposure to losses
Initial level:	23,669.49
Step-up value:	28,521.74, 120.5% of initial level
Pricing date:	Jan. 25
Settlement date:	Feb. 1
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	06746N154

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