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Published on 6/6/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $23.18 million Accelerated Return Notes on S&P 500

By Marisa Wong

Morgantown, W.Va., June 6 – Barclays Bank plc priced $23.18 million of 0% Accelerated Return Notes due May 28, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 16.06%. Investors will be exposed to any index decline.

BofA Securities, Inc. is the agent.

Issuer:Barclay Bank plc
Issue:Accelerated Return Notes
Underlying index:S&P 500 index
Amount:$23,179,230
Maturity:May 28, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus triple any index gain, capped at par plus 16.06%; full exposure to losses
Initial level:Lowest index closing level during the period from the pricing date to and including July 30
Pricing date:May 30
Settlement date:June 6
Agent:BofA Securities, Inc.
Fees:2%
Cusip:06747A466

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