Barclays plans five-year leveraged market-linked notes tied to S&P

By Susanna Moon

Chicago, April 9 – Barclays Bank plc plans to price 0% market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due May 3, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% times any index gain, up to a maximum return of 48% to 53%.

Investors will receive par if the index finishes falls by up to 15% and lose 1% for each 1% decline beyond 15%.

Wells Fargo Securities, LLC and Barclays are the agents.

The notes will price on April 30.

The Cusip number is 06746X3Z4.

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