Barclays plans contingent barrier return enhanced notes linked to S&P

By Angela McDaniels

Tacoma, Wash., April 9 – Barclays Bank plc plans to price 0% contingent barrier return enhanced notes due April 18, 2022 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 1.25 times the index return.

If the final index level is less than or equal to the initial index level but greater than or equal to the barrier value, 79.25% of the initial index level, the payout will be par.

If the final index level is less than the barrier value, investors will lose 1% for every 1% that the index declines from its initial level.

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

The notes will price April 12.

The Cusip number is 06747MNZ5.

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