Barclays to price buffered digital notes linked to S&P 500 index

By Toni Weeks

San Diego, Sept. 6 - Barclays Bank plc plans to price 0% buffered digital notes due March 28, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the knock-in barrier, the payout at maturity will be par plus a digital percentage of 11.25% to 13.25% that will be set at pricing. The knock-in barrier will be 80% of the initial index level.

If the index closes below the knock-in barrier, investors will be fully exposed to losses from the initial index level.

The notes (Cusip: 06741TFZ5) are expected to price Sept. 25 and settle Sept. 28.

Barclays is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.