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Published on 10/28/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $695,000 buffered digital notes linked to Russell 2000

By Tali Rackner

Norfolk, Va., Oct. 28 – Barclays Bank plc priced $695,000 of 0% buffered digital notes due April 30, 2019 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is greater than or equal to zero, the payout at maturity will be par plus the digital percentage of 15.25%.

If the index return is less than zero but greater than or equal to negative 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered digital notes
Underlying index:Russell 2000
Amount:$695,000
Maturity:April 30, 2019
Coupon:0%
Price:Par of $1,000
Payout at maturity:If index return is greater than or equal to zero, par plus 15.25%; par if index declines by 15% or less; 1% loss for every 1% that index declines beyond 15%
Initial index level:1,204.75
Pricing date:Oct. 26
Settlement date:Oct. 30
Agents:Barclays
Fees:3%
Cusip:06741VCK6

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