New Issue: Barclays prices $4.7 million notes with barrier linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 15 – Barclays Bank plc priced $4.7 million of 0% notes due Aug. 15, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain.

If the index finishes at or below the initial level but at or above the 81.3% barrier level, the payout will be par.

If the index finishes below the 81.3% barrier level, investors will lose 1% for every 1% decline below the initial level.

Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying index:	S&P 500 index
Amount:	$4,695,000
Maturity:	Aug. 15, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; if index finishes at or below initial level but at or above barrier level, par; otherwise, investors will lose 1% for every 1% decline below the initial level
Initial level:	2,316.10
Barrier level:	1,882.99, 81.3% of initial level
Final level:	Average of index closing levels on five averaging dates ending Aug. 10, 2018
Pricing date:	Feb. 10
Settlement date:	Feb. 15
Agent:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1.25%
Cusip:	06741VKH4

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