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

By Wendy Van Sickle

Columbus, Ohio, Feb. 14 – Barclays Bank plc priced $1 million of 0% digital notes due Feb. 27, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 75% of initial level, par plus 8.7%.

Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

Barclays is the agent with JPMorgan as placement agent.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$1 million
Maturity:	Feb. 27, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 75% of initial level, par plus 8.7%; otherwise, 1% loss for every 1% that index declines
Initial index level:	4,117.86
Barrier level:	3,088.4; 75% of initial level
Pricing date:	Feb. 9
Settlement date:	Feb. 14
Agent:	Barclays with JPMorgan as placement agent
Fees:	1%
Cusip:	06749NPZ9

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