New Issue: Barclays prices $1.5 million digital notes linked to Etsy

By Wendy Van Sickle

Columbus, Ohio, April 28 – Barclays Bank plc priced $1.5 million of 0% digital notes due April 22, 2022 linked to the common stock of Etsy, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is greater than or equal to negative 30%, the payout at maturity will be par of $10,000 plus 21.9%. Otherwise, investors will receive 45 Etsy shares plus 0.84422 fractional shares in cash or, at the issuer’s option, an amount in cash equal to the value of those 45.84422 shares.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying stock:	Etsy, Inc.
Amount:	$1.5 million
Maturity:	April 22, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is greater than or equal to negative 30%, par plus 21.9%; otherwise, 45 Etsy shares plus 0.84422 fractional shares paid in cash or, at issuer’s option, amount in cash equal to value of those 45.84422 shares
Initial stock level:	$218.13
Barrier level:	$152.69, 70% of initial level
Pricing date:	April 12
Settlement date:	April 15
Agent:	Barclays
Fees:	1%
Cusip:	06741WSW1

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