Barclays intends to sell buffered digital plus notes on S&P 500 index

By Devika Patel

Knoxville, Tenn., July 8 – Barclays Bank plc plans to price 0% buffered digital plus notes due July 31, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive par plus the greater of the digital percentage and the index return if the index gains, remains flat or declines by up to 15%, subject to a maximum payout of 50%. The digital percentage is expected to fall between 21.5% and 22.5% and will be set at pricing.

Otherwise, investors will lose 1% for each 1% decline of the index beyond 15%.

Barclays is the agent.

The notes (Cusip: 06747N4S0) will price on July 26 and settle July 31.

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