New Issue: Barclays sells $662,000 capped buffered return enhanced notes on S&P

By Marisa Wong

Los Angeles, July 15 – Barclays Bank plc priced $662,000 of 0% capped buffered return enhanced notes due June 30, 2023 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 2 times the index return, capped at par plus 29.7%.

If the final index level is less than or equal to the initial index level but greater than or equal to the buffer value, 90% of the initial index level, the payout will be par.

If the final index level is less than the buffer value, investors will lose 1.11111% for every 1% that the index declines beyond 10%.

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

Issuer:	Barclays Bank plc
Issue:	Capped buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$662,000
Maturity:	June 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any index gain, capped at par plus 29.7%; par if index finishes flat or falls by up to 10%; otherwise, 1.11111% loss for every 1% that index declines beyond 10%
Initial level:	3,083.76
Final level:	Average of index’s closing levels on five trading days ending June 27, 2023
Buffer value:	2,775.38, 90% of initial index level
Pricing date:	June 25
Settlement date:	June 30
Agent:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	2%
Cusip:	06747PYE3

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