Barclays plans 18-month contingent barrier notes linked to S&P 500

New York, April 24 – Barclays Bank plc plans to price 0% contingent barrier notes due Oct. 30, 2019 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 any index gain.

Investors will receive par if the index falls but ends at or above the 82.95% barrier and will be fully exposed to any losses if the index closes below its barrier level.

The final level will be the average of the closing levels on Oct. 21, 2019, Oct. 22, 2019, Oct. 23, 2019, Oct. 24, 2019 and Oct. 25, 2019.

Barclays is the agent.

The notes will price on April 27 and settle on May 2.

The Cusip number is 06746X7A5.

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