New Issue: Barclays sells $4.80 million digital notes linked to S&P 500

By Marisa Wong

Los Angeles, Oct. 5 – Barclays Bank plc priced $4,798,000 of 0% digital notes due Oct. 14, 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 barrier value, 80% of the initial index level, the payout at maturity will be par plus the digital return of 8%.

If the final index level is less than the barrier value, investors will lose 1% for every 1% that the index declines below the initial level.

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

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$4,798,000
Maturity:	Oct. 14, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8% unless index falls by more than 20%, in which case full exposure to decline from initial level
Initial level:	3,298.46
Barrier value:	2,638.77, 80% of initial index level
Final level:	Average of index closing levels on five trading days ending Oct. 8, 2021
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agents:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1%
Cusip:	06747QK48

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