Barclays to price 18-month contingent barrier notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., May 17 – Barclays Bank plc plans to price 0% contingent barrier notes due Nov. 20, 2019 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 any index gain.

Investors will receive par if the index falls but ends at or above the 83.2% barrier and will be fully exposed to any losses if the index finishes below the barrier.

The final level will be the average of the index closing levels on the five trading days ending Nov. 15, 2019.

Barclays is the agent.

The notes will price on May 18.

The Cusip number is 06746XCD3.

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