New Issue: Barclays prices $446,000 barrier digital plus notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 7 – Barclays Bank plc priced $446,000 of 0% barrier digital plus notes due Jan. 3, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying index finishes at or above its initial level, the payout at maturity will be par plus greater of the digital return of 40% and the gain of the worse performing index.

If either underlying index falls by up to its 80% barrier level, the payout at maturity will be par plus 12%.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Barrier digital plus notes
Underlying assets:	S&P 500 index, Russell 2000 index
Amount:	$446,000
Maturity:	Jan. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus greater of return of worse performing index 40%; if either index falls by up to 20%, par plus 12%; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:	2,485.74 for S&P, 1,337.92 for Russell
Barrier levels:	1,988.59 for S&P, 1,070.34 for Russell, 80% of initial levels
Pricing date:	Dec. 28
Settlement date:	Jan. 3
Agent:	Barclays
Fees:	1.6%
Cusip:	06747M4F0

© 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.