New Issue: Barclays prices $2 million digital notes linked to Tesla

By Wendy Van Sickle

Columbus, Ohio, June 16 – Barclays Bank plc priced $2 million of 0% digital notes due June 3, 2022 linked to the common stock of Tesla, 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 22.15%. Otherwise, investors will receive 17 Tesla shares plus 0.21526 fractional shares in cash or, at the issuer’s option, an amount in cash equal to the value of those shares.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying stock:	Tesla, Inc.
Amount:	$2 million
Maturity:	June 3, 2022
Coupon:	0%
Price:	Par of $10,000
Payout at maturity:	If stock return is greater than or equal to negative 30%, par plus 22.15%; otherwise, 17 Tesla shares plus 0.21526 fractional shares paid in cash or, at issuer’s option, amount in cash equal to value of those shares
Initial stock level:	$580.88
Barrier level:	$406.62, 70% of initial level
Pricing date:	May 21
Settlement date:	May 26
Agent:	Barclays
Fees:	1%
Cusip:	06741WUW8

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