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

By Wendy Van Sickle

Columbus, Ohio, Dec. 9 – Barclays Bank plc plans to price 0% buffered digital notes due June 30, 2020 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 15%, the payout at maturity will be par plus the digital percentage, which is expected to be 18.5% to 19.5% and will be set at pricing. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Barclays is the agent.

The notes will price on Dec. 27 and settle on Dec. 30.

The Cusip number is 06741VES7.

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