New Issue: Barclays sells $2.75 million market-linked contingent notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 24 – Barclays Bank plc priced $2.75 million of 0% market-linked notes with contingent fixed return and contingent downside due June 24, 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 20%.

If the index falls by up to 20%, the payout will be par.

If the index falls by more than 20%, investors will lose 1% for every 1% decline of the index beyond 20%.

Barclays and Wells Fargo Securities, LLC are the agents.

Issuer:	Barclays Bank plc
Issue:	Market-linked notes with contingent fixed return and contingent downside
Underlying index:	S&P 500
Amount:	$2,754,000
Maturity:	June 24, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than the initial index level, par plus 20%; if the index falls by up to 20%, par; if the index falls by more than 20%, 1% loss for every 1% decline of the index beyond 20%
Initial level:	3,097.74
Threshold level:	2,478.192, 80% of initial level
Pricing date:	June 19
Settlement date:	June 24
Agents:	Barclays and Wells Fargo Securities, LLC
Fees:	2.71%
Cusip:	06747Q2A4

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