New Issue: Barclays sells $1 million digital notes linked to S&P 500

By Kiku Steinfeld

Chicago, Sept. 14 – Barclays Bank plc priced $1 million of 0% digital notes due Dec. 1, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the buffer value, 70% of the initial index level, the payout at maturity will be par plus the digital return of 3.35%.

If the final index level is less than the buffer value, investors will lose 1.42857% for every 1% that the index declines beyond 30%.

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

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$1,000,000
Maturity:	Dec. 1, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3.35% unless index falls by more than 30%, in which case 1.42857% loss for every 1% that index declines beyond 30%
Initial level:	3,508.01
Buffer value:	2,455.61, 70% of initial index level
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agents:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1.12%
Cusip:	06747QGZ4

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