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Barclays plans 18-month notes with 81.3% barrier linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 9 – Barclays Bank plc plans to price 0% notes due Aug. 15, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index gain.
If the index falls by up to 18.7%, the payout will be par.
If the index finishes below the 81.3% barrier level, investors will be fully exposed to the index decline.
Barclays is the agent.
The notes will price on Feb. 10.
The Cusip number is 06741VKH4.
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