New Issue: Barclays prices $250,000 absolute return knock-out notes linked to S&P

By Angela McDaniels

Tacoma, Wash., Feb. 12 – Barclays Bank plc priced $250,00 of absolute return knock-out notes due Feb. 10, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if (a) the closing index level is greater than the upper barrier, 120% of the initial level, or less than the lower barrier, 76.5% of the initial level, on any day during the life of the notes or (b) the final index level is greater than the upper barrier or less than the lower barrier.

If a knock-out event has not occurred, the payout at maturity will be par plus the absolute value of the index return.

If a knock-out event has occurred, the payout will be par plus 2%.

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

Issuer:	Barclays Bank plc
Issue:	Absolute return knock-out notes
Underlying index:	S&P 500
Amount:	$250,000
Maturity:	Feb. 10, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If knock-out event has not occurred, par plus absolute value of index return; if knock-out event has occurred, par plus 2%
Knock-out event:	Closing index level is greater than upper barrier or less than lower barrier on any day during life of notes or final index level is greater than upper barrier or less than lower barrier
Initial index level:	2,707.88
Upper barrier:	3,249.46, 120% of initial level
Lower barrier:	2,071.53, 76.5% of initial level
Pricing date:	Feb. 8
Settlement date:	Feb. 13
Agents:	Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.5%
Cusip:	06747MDT0

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