Barclays plans to price 24- to 27-month digital notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 6 – Barclays Bank plc plans to price 24- to 27-month 0% digital notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 15%, the payout at maturity will be the maximum settlement amount of $1,094 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

Barclays is the agent.

The Cusip number is 06741V3L4.

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