New Issue: Barclays sells $3 million buffered return enhanced notes on S&P 500

By Susanna Moon

Chicago, Feb. 27 – Barclays Bank plc priced $3 million of 0% buffered return enhanced notes due Feb. 11, 2020 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 1.5 times any index gain up to a maximum return of 18%.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

Barclays is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Barclays Bank plc
Issue:	Capped buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$3 million
Maturity:	Feb. 11, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at 18%; par if the index falls by up to 20%; 1.25% loss per 1% decline beyond 20%
Initial level:	2,581
Barrier level:	2,064.80, 80% of initial level
Pricing date:	Feb. 8
Settlement date:	Feb. 13
Underwriter:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1.5%
Cusip:	06744CWP2

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