New Issue: Barclays sells $650,000 digital notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., April 19 – Barclays Bank plc priced $650,000 of 0% digital notes due July 11, 2018 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is at least negative 15%, the payout at maturity will be par plus the digital return of 6.7%.

If the index return is less than negative 15%, investors will be fully exposed to the decline.

Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$650,000
Maturity:	July 11, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the index return is at least negative 15%, par plus 6.7%; otherwise, full exposure to losses
Initial level:	2,355.54
Barrier level:	2,002.21, 85% of initial level
Pricing date:	April 7
Settlement date:	April 12
Underwriter:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1.12%
Cusip:	06741VRL8

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