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Published on 4/17/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $2.14 million buffered digital notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., April 17 – Barclays Bank plc priced $2.14 million of 0% buffered digital notes due Oct. 4, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 12.5%. If the final index level is less than the initial index level but the index return is greater than or equal to negative 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered digital notes
Underlying index:Russell 2000
Amount:$2,138,000
Maturity:Oct. 4, 2018
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than or equal to initial index level, par plus 12.5%; if final index level is less than initial index level but index return is greater than or equal to negative 10%, par; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial index level:1,359.2
Pricing date:April 12
Settlement date:April 18
Agent:Barclays
Fees:0.75%
Cusip:06741VRN4

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