New Issue: Barclays prices $3.02 million digital notes linked to S&P 500 index

By Marisa Wong

Morgantown, W.Va., Feb. 27 – Barclays Bank plc priced $3.02 million of 0% digital notes due May 23, 2018 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

If the index finishes at or above its 85% barrier level, the payout at maturity will be par plus 7.4%. Otherwise, investors will be fully exposed to the index decline from the initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$3.02 million
Maturity:	May 23, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its barrier level, par plus 7.4%; otherwise, full exposure to index decline from initial level
Initial level:	2,351.16
Barrier level:	1,998.49, 85% of initial level
Final level:	Average of index closing levels on five days ending May 18, 2018
Pricing date:	Feb. 17
Settlement date:	Feb. 23
Agent:	Barclays
Fees:	1.12%
Cusip:	06741VKU5

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