New Issue: Barclays prices $475,000 digital notes due 2020 tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 19 – Barclays Bank plc priced $475,000 of 0% digital notes due June 17, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index finishes at or above its 85% threshold level, the payout at maturity will be par plus the digital return of 6.75%.

Otherwise, investors will lose 1.17647% for each 1% decline beyond 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$475,000
Maturity:	June 17, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 15%, par plus 6.75%; otherwise, 1.17647% loss for every 1% decline beyond 15%
Initial index level:	2,822.48
Buffer value:	2,399.11, 85% of initial level
Pricing date:	March 15
Settlement date:	March 20
Agent:	Barclays
Fees:	1.12%
Cusip:	06747MJW7

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