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Published on 5/27/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $60,000 digital notes linked to lululemon

Chicago, May 27 – Barclays Bank plc priced $60,000 of 0% digital notes due June 4, 2021 linked to the common stock of lululemon athletica inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to 80% of the initial share price, the payout at maturity will be par of $10,000 plus 12%.

If the stock finishes below the 80% buffer value, investors will receive 48.89497 lululemon shares, which is equal to $10,000 divided by the buffer value.

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

Issuer:Barclays Bank plc
Issue:Digital notes
Underlying stock:lululemon athletica inc.
Amount:$60,000
Maturity:June 4, 2021
Coupon:0%
Price:Par of $10,000
Payout at maturity:If the final share price is greater than or equal to the buffer value, par plus 12%; if the stock finishes below the buffer value, 48.89497 lululemon shares
Initial share price:$255.65
Buffer value:$204.52, 80% of initial share price
Pricing date:May 19
Settlement date:May 21
Agents:Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agent
Fees:1%
Cusip:06741WHD5

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