New Issue: Barclays prices $6.68 million bear Accelerated Return Notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 29 – Barclays Bank plc priced $6.68 million of 0% bear Accelerated Return Notes due Oct. 27, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is negative, the payout at maturity will be par of $10 plus 3% for every 1% that the index declines, subject to a maximum return of 13.5%. If the index return is positive, investors will lose 1% for every 1% that the index increases.

BofA Merrill Lynch is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Bear Accelerated Return Notes
Underlying index:	S&P 500
Amount:	$6,684,340
Maturity:	Oct. 27, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is negative, par plus 3% for every 1% that index declines, subject to 13.5% maximum return; if index return is positive, 1% loss for every 1% that index increases
Initial level:	2,172.47
Final index level:	Average of index’s closing levels on five trading days ending Oct. 24, 2017
Pricing date:	Aug. 25
Settlement date:	Sept. 1
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	06745B847

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