Barclays plans contingent buffered notes due 2019 linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 24 – Barclays Bank plc plans to price 0% contingent buffered notes due April 30, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return.

If the final index level is less than or equal to the initial index level but greater than or equal to the barrier level, 77.85% of the initial index level, the payout will be par.

If the final index level is less than the barrier level, investors will lose 1% for every 1% that the index declines from its initial level.

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

The notes will price April 25.

The Cusip number is 06741VSS2.

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