Published on 4/30/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.1 million buffered digital notes linked to Russell
By Susanna Moon
Chicago, April 30 – Barclays Bank plc priced $3.1 million of 0% buffered digital notes due Oct. 30, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus 15%.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered digital notes
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| Underlying index: | Russell 2000
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| Amount: | $3,097,000
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| Maturity: | Oct. 30, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 15%; par if index declines by 15% or less; 1% loss for every 1% drop beyond 15%
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| Initial index level: | 1,259.36
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| Pricing date: | April 28
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| Settlement date: | April 30
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| Agent: | Barclays
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| Fees: | 2.25%
|
| Cusip: | 06741UTJ3
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