New Issue: Barclays prices $1.36 million digital plus notes linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., July 29 – Barclays Bank plc priced $1.36 million of 0% digital plus notes due July 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par plus the greater of the 40% digital percentage and the index return.

If the index return is negative but the final index level is equal to or greater than the barrier level, 70% of the initial level, the payout will be par.

If the final index level is less than the barrier level, the payout will be par plus the index return, with full exposure to losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Digital plus notes
Underlying index:	S&P 500 index
Amount:	$1.36 million
Maturity:	July 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or positive, par plus greater of index return and 40%; if index return is negative but index finishes at or above barrier level, par; if index is less than barrier level, full exposure to losses
Initial index level:	1,978.34
Barrier level:	1,384.84, 70% of initial level
Pricing date:	July 25
Settlement date:	Aug. 1
Agent:	Barclays
Fees:	2.75%
Cusip:	06741UGK4

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