By Marisa Wong
Morgantown, W.Va., June 28 – Barclays Bank plc priced $1 million of 0% capped airbag gears due Dec. 28, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum gain of 15.2%. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% that the index may decline beyond 10%.
Barclays and UBS Financial Services Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped airbag gears
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| Underlying index: | S&P 500
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| Amount: | $1 million
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| Maturity: | Dec. 28, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times the index return, subject to a maximum gain of 15.2%; par if the index falls by up to 10%; 1.1111% loss for each 1% that the index may decline beyond 10%
|
| Initial level: | 2,438.30
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| Downside threshold: | 2,194.47, 90% of initial level
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| Pricing date: | June 23
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| Settlement date: | June 28
|
| Agents: | Barclays and UBS Financial Services Inc.
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| Fees: | None
|
| Cusip: | 06746K291
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