Barclays to price digital plus notes due 2023 tied to S&P, Nasdaq

By Sarah Lizee

Olympia, Wash., May 18 – Barclays Bank plc plans to price 0% digital plus notes due Feb. 28, 2023 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying index finishes at or above its initial level, the payout at maturity will be par plus greater of the digital return of 24% and the gain of the worse performing index.

If either underlying index falls by up to its 75% barrier level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

Barclays is the agent.

The notes will price on May 29.

The Cusip number is 06747PU64.

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