New Issue: Barclays prices $3 million digital notes tied to S&P 500, Russell 2000

By Jennifer Chiou

New York, July 3 – Barclays Bank plc priced $3 million of 0% digital notes due June 1, 2018 linked to the lower return of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the lesser-performing index is greater than or equal to its barrier level, 98% of its initial level, the payout at maturity will be par plus 41%.

If the final level of the lesser-performing index is less than its barrier level but equal to or greater than its principal barrier level, 78% of its initial level, the payout will be par.

If the final level of the lesser-performing index is less than its principal barrier level, investors will receive par plus the return of the lesser-performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$3 million
Maturity:	June 1, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of lesser-performing index is at least 98% of initial level, par plus 41%; if final level of lesser-performing index is less than 98% barrier level but at least 78% of initial level, par; otherwise, par plus return of lesser-performing index
Initial index levels:	1,957.22 for S&P and 1,180.71 for Russell
Barrier levels:	1,918.08 for S&P and 1,157.10 for Russell, 98% of initial levels
Principal barrier levels:	1,526.63 for S&P and 920.95 for Russell, 78% of initial levels
Pricing date:	June 30
Settlement date:	July 3
Underwriter:	Barclays
Fees:	1%
Cusip:	06741JU31

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