New Issue: Barclays sells $2.66 million capped trigger in-step notes linked to S&P

By Tali Rackner

Norfolk, Va., Dec. 30 – Barclays Bank plc priced $2.66 million of 0% trigger in-step securities due June 28, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 80% step barrier level, the payout at maturity will be par of $10 plus the greater of the 10% step return and any index gain up to a maximum return of 27.5%.

Otherwise, investors will be fully exposed to any losses.

Barclays and UBS Financial Services Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped trigger in-step securities
Underlying index:	S&P 500
Amount:	$2,661,700
Maturity:	June 28, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above step barrier, par plus greater of 10% and index return; capped at 27.5%; otherwise, full exposure to loss
Initial level:	2,268.88
Step barrier:	1,815.10, 80% of initial level
Pricing date:	Dec. 27
Settlement date:	Dec. 30
Agents:	Barclays and UBS Financial Services Inc.
Fees:	2.25%
Cusip:	06744M620

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