New Issue: Barclays sells $1.84 million trigger step securities tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Oct. 3 – Barclays Bank plc priced $1.84 million of 0% trigger step securities due Sept. 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the index return and the step return of 23.5%.

Investors will receive par if the index declines by 25% or less and will be exposed to the index’s decline from its initial level if it declines beyond 25%.

Barclays and UBS Financial Services Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger step securities
Underlying index:	S&P 500
Amount:	$1,842,250
Maturity:	Sept. 30, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is zero or positive, par plus greater of 23.5% and return; par if index declines by up to 25%; full exposure to losses if index falls beyond 25%
Initial value:	2,496.84
Downside threshold:	1,872.63, 75% of initial value
Pricing date:	Sept. 26
Settlement date:	Sept. 29
Agents:	Barclays and UBS Financial Services Inc.
Fees:	3%
Cusip:	06746L117

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