New Issue: Barclays prices $40,000 buffered lock-in notes linked to S&P 500

Chicago, March 11 – Barclays Bank plc priced $40,000 of 0% buffered lock-in notes due Feb. 29, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A lock-in return is the greater of the highest return on any of five annual observation dates and par. The five annual observation dates are Feb. 26, 2020, Feb. 26, 2021, Feb. 28, 2022, Feb. 27, 2023 or Feb. 26, 2024.

The payout at maturity will be par plus the lock-in return unless the underlying index finishes more than 15% below its initial level, in which case investors will participate in the decline of the index beyond the 15% buffer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered lock-in notes
Underlying index:	S&P 500
Amount:	$40,000
Maturity:	Feb. 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above 85% of its initial value, par plus the lock-in return; otherwise, exposure to losses of index beyond 15% buffer
Lock-in return:	Highest closing level on one of five annual observation dates: Feb. 26, 2020, Feb. 26, 2021, Feb. 28, 2022, Feb. 27, 2023 or Feb. 26, 2024 or par
Initial index level:	2,784.49
Pricing date:	Feb. 28
Settlement date:	March 5
Agent:	Barclays
Fees:	1%
Cusip:	06747MDH6

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