New Issue: Barclays prices $5.35 million digital notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 1 – Barclays Bank plc priced $5.35 million of 0% buffered digital notes due June 1, 2018 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 20%, the payout at maturity will be $1,083 per $1,000 note. If the index return is less than negative 20%, investors will lose 1.25% for every 1% that the index declines beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$5.35 million
Maturity:	June 1, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 20%, $1,083 per $1,000 note; if index return is less than negative 20%, 1.25% loss for every 1% that index declines beyond 20%
Initial index level:	2,090.10
Pricing date:	May 26
Settlement date:	June 3
Agent:	Barclays
Fees:	2%
Cusip:	06741V3V2

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