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Published on 4/23/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $410,000 digital notes linked to Wynn Resorts

By Wendy Van Sickle

Columbus, Ohio, April 23 – Barclays Bank plc priced $410,000 of 0% digital notes due May 5, 2021 linked to the common stock of Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to 65% of the initial share price, the payout at maturity will be par of $10,000 plus 21.6%.

If the stock finishes below the 65% buffer value, investors will receive 196.07843 Wynn shares, which is equal to $10,000 divided by the buffer value.

Barclays is the agent. JPMorgan is the placement agent.

Issuer:Barclays Bank plc
Issue:Digital notes
Underlying stock:Wynn Resorts, Ltd.
Amount:$410,000
Maturity:May 5, 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 21.6%; if the stock finishes below the buffer value, 196.07843 Wynn shares
Initial share price:$78.46
Buffer value:$51.00, 65% of initial share price
Strike date:April 17
Pricing date:April 20
Settlement date:April 23
Agent:Barclays with JPMorgan as placement agent
Fees:1%
Cusip:06741WGM6

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