New Issue: Barclays prices $2.44 million callable contingent coupon notes linked to S&P

Chicago, Nov. 13 – Barclays Bank plc priced $2.44 million of callable contingent coupon notes due Oct. 31, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Every quarter, the notes pay a coupon at an annualized rate of 6% if the index closes at or above its coupon barrier value, 70% of its initial level, on the observation date for that period.

The notes are callable at par plus any coupon due on any coupon payment date after six months.

If the index finishes at or above its barrier value, 50% of its initial level, the payout at maturity will be par plus the coupon. Otherwise, investors will be fully exposed to the decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying index:	S&P 500 index
Amount:	$2,439,000
Maturity:	Oct. 31, 2029
Contingent coupon:	6% per year, payable quarterly if the index closes at or above coupon barrier value on observation date for that period
Price:	Par
Payout at maturity:	If the index finishes at or above barrier value, par plus coupon; if index falls below 50% of its initial level full exposure to losses
Call option:	At par plus any coupon due on any coupon payment date after six months
Initial level:	3,039.42
Coupon barrier:	2,127.59; 70% of initial level
Barrier value:	1,519.71; 50% of initial level
Pricing date:	Oct. 28
Settlement date:	Oct. 31
Agent:	Barclays
Fees:	3%
Cusip:	06747NL85

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