Barclays plans market-linked securities with leveraged upside on S&P

By Devika Patel

Knoxville, Tenn., Sept. 28 – Barclays Bank plc plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 4, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, subject to a cap that is expected to fall between $1,480 and $1,530 per $1,000 of notes and will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

Wells Fargo Securities, LLC and Barclays are the agents.

The notes (Cusip: 06744C3Q2) will price on Sept. 29 and settle on Oct. 4.

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