New Issue: Barclays sells $1.25 million digital plus notes linked to S&P 500

By Susanna Moon

Chicago, July 12 – Barclays Bank plc priced $1.25 million of 0% digital plus notes due July 2, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 80% barrier level, the payout at maturity will be par plus the greater of the fixed return of 12% and any index gain, up to a maximum return of 26.25%.

If the index falls by more than 20%, investors will lose 1% for every 1% decline beyond the buffer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Digital plus notes
Underlying index:	S&P 500
Amount:	$1.25 million
Maturity:	July 2, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 85% barrier, par plus any index gain, floor of 12% and capped at 26.25%; otherwise, 1% loss per 1% decline
Initial index level:	2,440.69
Barrier level:	1,952.55, 80% of initial level
Pricing date:	June 28
Settlement date:	July 3
Agent:	Barclays
Fees:	2%
Cusip:	06741VZL9

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