Barclays to price contingent barrier notes linked to S&P 500

By Sarah Lizee

Olympia, Wash., Feb. 26 – Barclays Bank plc plans to price 0% contingent barrier notes due Sept. 2, 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 index gain.

If the index finishes flat or falls but finishes at or above the 82.35% barrier level, the payout will be par.

Otherwise, investors will be fully exposed to the decline from the initial level.

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

The notes will price March 1.

The Cusip number is 06747MGR1.

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