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Published on 1/18/2021 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $927,000 buffered digital notes linked to Dow Jones industrial average

By Taylor Fox

New York, Jan. 19 – Barclays Bank plc priced $927,000 of 0% buffered digital notes due March 28, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, investors will receive par plus 5.5%. Investors will receive par if the index declines, but not more than 10%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered digital notes
Underlying index:Dow Jones industrial average
Amount:$927,000
Maturity:March 28, 2022
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 5.5%; par if index declines by not more than 10%; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial index level:30,129.83
Buffer level:90% of initial level
Pricing date:Dec. 23
Settlement date:Dec. 29
Agent:Barclays
Fees:1.8%
Cusip:06747QRG4

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