Barclays to price contingent barrier notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Jan. 24 – Barclays Bank plc plans to price 0% contingent barrier 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 any index gain.

If the index finishes flat or falls but finishes at or above the 80.8% barrier level, the payout will be par. Otherwise, investors will be fully exposed to the decline from the initial level.

Barclays is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

The notes will price Jan. 25.

The Cusip number is 06747MB96.

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