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Barclays to price contingent buffered notes linked to S&P 500 index
New York, July 19 – Barclays Bank plc plans to price 0% contingent buffered notes due Jan. 23, 2019 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final value of the index is greater than or equal to its initial level, the payout at maturity will be par plus the return.
If the final value has declined from its initial level but by no more than 14.55%, the payout at maturity will be par.
If the final level of the index is less than the initial index level by more than 14.55%, investors will lose 1% for every 1% that the index declines from its initial level.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 21 and settle on July 26.
The Cusip number is 06744CCP4.
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