New Issue: Barclays sells $454,000 buffered digital notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 29 – Barclays Bank plc priced $454,000 of 0% buffered digital notes due May 27, 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 22%.

Otherwise, 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:	$454,000
Maturity:	May 27, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is at least negative 15%, par plus 22%; otherwise, 1% loss for every 1% decline beyond 15%
Initial index level:	2,682.17
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agent:	Barclays
Fees:	2.85%
Cusip:	06746XWH2

© 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.