New Issue: Barclays prices $580,000 capped buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 9 – Barclays Bank plc priced $580,000 of 0% capped buffered notes due Oct. 7, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the lesser of the index return and 12.4%.Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.

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

Issuer:	Barclays Bank plc
Issue:	Capped buffered notes
Underlying index:	S&P 500
Amount:	$580,000
Maturity:	Oct. 7, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus lesser of index return and 12.4%; par if index declines by 20% or less; 1.25% loss for every 1% that index declines beyond 20%
Initial level:	2,892.74
Final level:	Average of index’s closing levels on five trading days ending Oct. 2, 2020
Buffer value:	2,314.19, 80% of initial level
Pricing date:	April 5
Settlement date:	April 10
Agents:	Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	06747MN85

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