Barclays plans to price digital notes linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., Dec. 24 – Barclays Bank plc plans to price 0% digital notes due July 1, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is equal to or greater than 13.5%, the payout at maturity will be par plus a digital percentage of 20%. If the index return is less than 13.5% and greater than or equal to negative 15%, the payout will be par. If the index return is less than negative 15%, investors will lose 1.17647% for each 1% drop beyond the 15% buffer.

Barclays is the agent.

The notes (Cusip: 06741UNQ3) will price Dec. 26 and settle Dec. 31.

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