New Issue: Barclays prices $5 million notes due 2020 linked to S&P 500 index

By Sarah Lizee

Olympia, Wash., Oct. 1 – Barclays Bank plc priced $5 million of 0% notes due Sept. 24, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event will occur if on any day during the life of the notes the index closes below 61% of its initial level.

If a knock-out event has occurred, the payout at maturity will be $1,020 per $1,000 of notes.

If a knock-out event has not occurred and the index return is positive, investors will receive $1,020 per $1,000 of notes.

If a knock-out event has not occurred and the index falls by up to 39%, the payout will be par plus the absolute value of the index return.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying index:	S&P 500 index
Amount:	$5 million
Maturity:	Sept. 24, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If a knock-out event has occurred, $1,020 per $1,000 of notes; if a knock-out event has not occurred and the index return is positive, $1,020 per $1,000 of notes; if a knock-out event has not occurred and the index falls by up to 39%, par plus the absolute value of the index return
Initial level:	2,929.67
Pricing date:	Sept. 21
Settlement date:	Sept. 26
Agent:	Barclays
Fees:	1.25%
Cusip:	06746XRD7

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