New Issue: Barclays prices $5.02 million 7.45% buffered fixed-coupon notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Sept. 20 – Barclays Bank plc priced $5.02 million of 7.45% buffered fixed-coupon notes due Oct. 18, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If the asset finishes at or above 75% of the initial level, the payout at maturity will be par.

Otherwise, investors will share in losses at a rate of 1.3333% per 1% drop beyond the 25% buffer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered fixed-coupon notes
Underlying index:	S&P 500 index
Amount:	$5,015,000
Maturity:	Oct. 18, 2023
Coupon:	7.45%, payable monthly
Price:	Par
Payout at maturity:	If index finishes at or above 75% of initial level, par; otherwise, 1.3333% loss for every 1% decline of index beyond 25%
Initial levels:	3,932.69
Buffer level:	2,949.52, 75% of initial level
Pricing date:	Sept. 14
Settlement date:	Sept. 19
Underwriter:	Barclays
Fees:	0%
Cusip:	06748XTF8

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