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Barclays plans to price buffered digital notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Aug. 3 – Barclays Bank plc plans to price 0% buffered digital notes due Aug. 23, 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 the initial level, the payout at maturity will be par plus the digital percentage, which is expected to be 12.5% to 14.5% and will be set at pricing. If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
Barclays is the agent.
The notes will price Aug. 19.
The Cusip number is 06741V6Y3.
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