Barclays plans to price buffered digital notes linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., Oct. 4 – Barclays Bank plc plans to price 0% buffered digital notes due April 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be par plus the digital percentage of between 17.75% and 18.75%. The exact digital percentage will be set at pricing.

Otherwise, investors will lose 1% for each 1% decline beyond 15%.

Barclays is the agent.

The notes (Cusip: 06741WBZ2) will price on Oct. 26 and settle on Oct. 31.

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