New Issue: Barclays sells $1.16 million buffered digital notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., June 5 – Barclays Bank plc priced $1.16 million of 0% buffered digital notes due Nov. 30, 2020 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 16.85%.

If the index return is less than negative 15%, investors will lose 1% for every 1% decline beyond 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered digital notes
Underlying index:	S&P 500
Amount:	$1,165,000
Maturity:	Nov. 30, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the index return is at least negative 15%, par plus 16.85%; otherwise, investors will lose 1% for every 1% decline beyond 15%
Initial level:	2,415.07
Pricing date:	May 25
Settlement date:	May 31
Agent:	Barclays
Fees:	3%
Cusip:	06741VTB8

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.