New Issue: Barclays prices $1.19 million digital notes linked to American Airlines

By William Gullotti

Buffalo, N.Y., June 25 – Barclays Bank plc priced $1.19 million of 0% digital notes due July 5, 2022 linked to the common stock of American Airlines Group 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 15.15%. Otherwise, investors will receive 452 American Airlines shares plus 0.28403 fractional shares in cash or, at the issuer’s option, an amount in cash equal to the value of those 452.28403 shares.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying stock:	American Airlines Group Inc.
Amount:	$1.19 million
Maturity:	July 5, 2022
Coupon:	0%
Price:	Par of $10,000
Payout at maturity:	If stock return is greater than or equal to negative 30%, par plus 15.15%; otherwise, 452 American Airlines shares plus 0.28403 fractional shares paid in cash or, at issuer’s option, amount in cash equal to value of those 452.28403 shares
Initial stock level:	$22.11
Barrier level:	$15.48, 70% of initial level
Pricing date:	June 22
Settlement date:	June 25
Agent:	Barclays
Fees:	1%
Cusip:	06748EYD9

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