New Issue: Barclays sells $14.01 million market-linked step-up notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Aug. 30 – Barclays Bank plc priced $14.01 million of 0% market-linked step-up notes due Aug. 30, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the step-up value – 112.02% of the initial level – the payout at maturity will be par of $10 plus the index gain.

If the index is unchanged or gains by up to the step-up level, the payout will be par plus the step-up payment of 12.02%.

Investors will lose 1% for each 1% index decline.

BofA Merrill Lynch is the agent.

Issuer:	Barclays Bank plc
Issue:	Market-linked step-up notes
Underlying index:	S&P 500 index
Amount:	$14,009,020
Maturity:	Aug. 30, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes at or above the step-up value, par plus the index gain; if the index is unchanged or gains by up to the step-up level, par plus 12.02%; otherwise, investors will lose 1% for each 1% index decline
Initial level:	2,438.97
Step-up level:	2,732.13, 112.02% of initial level
Pricing date:	Aug. 24
Settlement date:	Aug. 31
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	06746L679

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