Barclays to price 3.5-year notes linked to S&P 500, Nasdaq-100

By Marisa Wong

Morgantown, W.Va., Nov. 5 – Barclays Bank plc plans to price 0% notes due May 6, 2022 linked to lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the return of the lesser performing index, capped at 68%.

If either index falls but neither falls by more than 5%, the payout will be par plus the return of the lesser performing index.

If the lesser performing index falls by more than 5%, investors will receive 95% of par.

Barclays is the agent.

The notes will price on Nov. 6.

The Cusip number is 06746XXL2.

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