New Issue: Barclays sells $520,000 digital notes linked to Bank of America

By Wendy Van Sickle

Columbus, Ohio, May 21 – Barclays Bank plc priced $520,000 of 0% digital notes due June 3, 2021 linked to the common stock of Bank of America Corp., 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 14%.

If the stock finishes below the 80% buffer value, investors will receive 583.09038 BofA 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:	Bank of America Corp.
Amount:	$520,000
Maturity:	June 3, 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 14%; if the stock finishes below the buffer value, 583.09038 BofA shares
Initial share price:	$21.44
Buffer value:	$17.15, 80% of initial share price
Pricing date:	May 18
Settlement date:	May 21
Agent:	Barclays with JPMorgan as placement agent
Fees:	1%
Cusip:	06741WHB9

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.