New Issue: Barclays prices $12.13 million capped notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Sept. 1 – Barclays Bank plc priced $12.13 million of 0% capped notes due Aug. 29, 2025 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index gains by more than 2%, the payout at maturity will be par plus the index return, subject to a maximum payout of par plus 15.4%.

Otherwise, investors will receive par plus 2%.

Barclays is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A. will act as placement agents.

Issuer:	Barclays Bank plc
Issue:	Capped notes
Underlying index:	S&P 500 index
Amount:	$12.13 million
Maturity:	Aug. 29, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than 2%, par plus index gain, capped at par plus 15.4%; otherwise, par plus 2%
Initial level:	4,433.31
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agent:	Barclays
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A.
Fees:	1.5%
Cusip:	06745MXU7

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