Barclays aims to sell market-linked notes linked to the S&P 500 index

By Devika Patel

Knoxville, Tenn., Sept. 17 – Barclays Bank plc plans to price 0% market-linked notes due Oct. 3, 2023 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 of $10 plus any index gain, subject to a maximum payout of at least 139.3%. The exact cap will be set at pricing.

Investors will receive par if the index falls.

Barclays is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 06746U448) will price on Sept. 28 and settle on Oct. 3.

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