New Issue: Barclays prices $6.2 million buffered return enhanced notes linked to Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., April 6 – Barclays Bank plc priced $6.2 million of 0% buffered return enhanced notes due March 31, 2025 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.22 times any index gain.

Investors will receive par if the index falls by up to 25% and will lose 1.33333% for each 1% decline beyond 25%.

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

Issuer:	Barclays Bank plc
Issue:	Buffered return enhanced notes
Underlying index:	S&P 500 index
Amount:	$6,197,000
Maturity:	March 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.22 times any index gain; par if index declines by 25% or less; otherwise, lose 1.33333% for each 1% decline beyond 25%
Initial value:	4,168.21
Buffer level:	3,126.16; 75% of initial level
Pricing date:	March 28
Settlement date:	March 31
Agent:	Barclays
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.5%
Cusip:	06749NUU4

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