New Issue: Barclays sells $2.85 million contingent barrier notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Oct. 19 – Barclays Bank plc priced $2.85 million of 0% contingent barrier notes due April 16, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain.

If the index finishes flat or falls but finishes at or above the 84.85% barrier level, the payout will be par. Otherwise, investors will be fully exposed to the decline from the initial level.

Barclays is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Barclays Bank plc
Issue:	Contingent barrier notes
Underlying index:	S&P 500
Amount:	$2,854,000
Maturity:	April 16, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; if index finishes flat or falls but finishes at or above the barrier level, par; otherwise, full exposure to the decline from the initial level
Initial level:	2,767.13
Barrier level:	2,347.91, 84.85% of initial level
Final level:	Average of closing levels on five trading days ending April 13, 2020
Pricing date:	Oct. 12
Settlement date:	Oct. 17
Underwriter:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1.25%
Cusip:	06746XU92

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