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Barclays plans capped buffered return notes tied to S&P 500 index
New York, July 24 – Barclays Bank plc plans to price 0% capped buffered return enhanced notes due July 29, 2020 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 2 times any index gain up to a maximum payout of par plus 16.3%.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
The notes will price on July 27 and settle on Aug. 1.
The Cusip number is 06746XK44.
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