New Issue: Barclays sells $105,000 callable contingent coupon notes on S&P, ETF

By Wendy Van Sickle

Columbus, Ohio, Aug. 9 – Barclays Bank plc priced $105,000 of callable contingent coupon notes due Aug. 5, 2020 linked to the least performing of the S&P 500 index and the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon of 8.5% if each underlying component closes at or above its 70% coupon barrier on the observation date for that period.

The payout at maturity will be par unless either component finishes below its 70% barrier level, in which case investors will be fully exposed to any losses.

The notes are callable at par on the fourth or fifth coupon payment dates.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying:	S&P 500 index, SPDR S&P Regional Banking ETF
Amount:	$105,000
Maturity:	Aug. 5, 2020
Coupon:	8.5% annualized, payable quarterly if each component closes at or above coupon barrier on observation date for that period
Price:	Par
Payout at maturity:	Par unless either component finishes below its barrier level, in which case 1% loss for each 1% decline of the worse performing component from initial level
Call option:	At par on fourth or fifth coupon payment dates
Initial levels:	2,470.30 for S&P 500, $54.48 for fund
Coupon barrier levels:	1,729.21 for S&P 500, $38.14 for fund; 70% of initial level
Pricing date:	July 31
Settlement date:	Aug. 3
Agent:	Barclays
Fees:	0.5%
Cusip:	06741VZP0

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