New Issue: Barclays prices $807,000 barrier digital notes due 2021 tied to EM ETF

By Sarah Lizee

Olympia, Wash., Sept. 18 – Barclays Bank plc priced $807,000 of 0% barrier digital notes due Sept. 17, 2021 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF finishes at or above its initial level, the payout at maturity will be par plus the greater of the digital percentage of 26.45% and the return, capped at par plus 50%.

If the ETF declines by up to the barrier level, which is 80% of the initial level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Barrier digital notes
Underlying ETF:	iShares MSCI Emerging Markets
Amount:	$807,000
Maturity:	Sept. 17, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF finishes at or above initial level, par plus the greater of 26.45% and the return, capped at par plus 50%; if ETF declines by up to the barrier level, par; otherwise, 1% loss for each 1% decline
Initial level:	$41.96
Barrier level:	$33.57, 80% of initial level
Pricing date:	Sept. 14
Settlement date:	Sept. 19
Agent:	Barclays
Fees:	2.25%
Cusip:	06746XQN6

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