New Issue: Barclays sells $33.49 million 6.55% buffered callable fixed-coupon notes on S&P

By Wendy Van Sickle

Columbus, Ohio, April 16 – Barclays Bank plc priced $33.49 million of 6.55% callable fixed-coupon notes due April 13, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannual.

The notes are callable at par on any semiannual coupon payment date after one year.

The payout at maturity will be par plus the final coupon due unless the index finishes below its 80% buffer level, in which case investors will lose 1.25% for each 1% decline of the index beyond the buffer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable fixed-coupon notes
Underlying index:	S&P 500 index
Amount:	$33,492,000
Maturity:	April 13, 2028
Coupon:	6.55% annual rate; payable semiannually
Price:	Par
Call option:	At par on any semiannual interest payment date after one year
Payout at maturity:	Par unless index closes below its buffer level, in which case 1.25% loss for each 1% loss of index beyond buffer
Initial level:	5,160.64
Buffer level:	4,128.51, 80% of initial level
Pricing date:	April 10
Settlement date:	April 15
Agent:	Barclays
Fees:	0%
Cusip:	06745QDG1

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