Barclays plans to price digital notes linked to Russell 2000, S&P 500

By Angela McDaniels

Tacoma, Wash., June 5 – Barclays Bank plc plans to price 0% digital notes due June 30, 2022 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index finishes at or above its initial level, the payout at maturity will be par plus the high digital percentage, which is expected to be 50% to 52% and will be set at pricing.

If the lesser-performing index finishes below its initial level but at or above its barrier level, 70% of its initial level, the payout will be par plus 10%.

If the lesser-performing index finishes below its barrier level, investors will lose 1% for every 1% that the lesser-performing index’s final level is below its initial level.

Barclays is the agent.

The notes will price June 27.

The Cusip number is 06741VXM9.

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