New Issue: Barclays prices $3 million capped buffered notes on S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, Oct. 17 – Barclays Bank plc priced $3 million of 0% capped buffered notes due Oct. 14, 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 any gain in the index, with payout capped at par plus 23%.

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

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

Issuer:	Barclays Bank plc
Issue:	Capped buffered notes
Underlying index:	S&P 500 index
Amount:	$3 million
Maturity:	Oct. 14, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in the index, capped at par plus 23%; par if the index falls by up to 20%; 1.25% loss for every 1% decline in the index beyond the 20% buffer
Initial level:	2,767.13
Buffer level:	2,213.70, 80% of initial level
Final level:	Average of index closing levels on five trading days ending Oct. 9, 2020
Pricing date:	Oct. 12
Settlement date:	Oct. 17
Underwriter:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1.5%
Cusip:	06746XUS0

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