Barclays to price 13- to 15-month digital notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 12 – Barclays Bank plc plans to price 0% digital notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes is expected to be 13 to 15 months.

If the index return is greater than or equal to negative 10%, the payout at maturity will be an amount equal to the maximum settlement amount, which is expected to be $1,070.50 to $1,082.90 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

The exact maturity date and maximum settlement amount will be set at pricing

Barclays is the agent.

The Cusip number is 06741VA44.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.