New York, July 20 – Barclays Bank plc priced $1 million of 0% digital notes due July 30, 2018 linked to the common stock of Williams Cos., Inc., according to a 424B2 filed with the Securities and Exchange Commission.
If the stock return is at least negative 15%, the payout at maturity will be par plus the digital return of 9.05%.
If the stock return is less than negative 15%, investors will lose 1.1765% for each 1% decline beyond the 15% buffer.
The final value of the stock will be the average of their closing prices on July 19, July 20, July 23, July 24 and July 25.
Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.
| Issuer: | Barclays Bank plc
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| Issue: | Digital notes
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| Underlying stock: | Williams Cos., Inc. (Symbol: WMB)
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| Amount: | $1 million
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| Maturity: | July 30, 2018
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If the return is at least negative 15%, par plus 9.05%; otherwise, 1.1765% loss for each 1% decline beyond 15% buffer
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| Initial level: | $30.79
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| Buffer level: | $26.17, 85% of initial level
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| Pricing date: | July 14
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| Settlement date: | July 19
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| Underwriter: | Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
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| Fees: | 1%
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| Cusip: | 06744CCD1
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