Barclays plans buffered digital plus notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., July 19 – Barclays Bank plc plans to price 0% buffered digital plus notes due July 29, 2022 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 greater of the digital return and the index return, capped at 50%. The digital return will be between 20% to 22% and will be set at pricing.

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

Barclays is the agent.

The notes will price on July 26.

The Cusip number is 06741VZK1.

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