By Marisa Wong
Madison, Wis., Feb. 28 - Barclays Bank plc priced $1.49 million of 0% buffered digital plus notes due Aug. 31, 2015 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus any gain, with a minimum digital return of 16%.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered digital plus notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $1.49 million
|
| Maturity: | Aug. 31, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus return, floor of 16%; par if index falls by 20% or less; 1% loss per 1% drop beyond 20%
|
| Initial index level: | 12,981.51
|
| Pricing date: | Feb. 27
|
| Settlement date: | Feb. 29
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3.45%
|
| Cusip: | 06738KM32
|
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