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Published on 11/13/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $346,000 buffered digital plus notes on Russell 2000

Chicago, Nov. 13 – Barclays Bank plc priced $346,000 of 0% buffered digital plus notes due Oct. 31, 2024 linked to the Russell 2000 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 the greater of 16.5% and the index return, capped at 50%.

Investors will lose 1% for every 1% decline of the index beyond the 15% buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered digital plus notes
Underlying index:Russell 2000 index
Amount:$346,000
Maturity:Oct. 31, 2024
Coupon:0%
Price:Par
Payout at maturity:If index return is at least negative 15%, par plus the greater of 16.5% and index return, capped at 50%; otherwise, 1% loss for every 1% decline beyond 15%
Initial index level:1,571.93
Pricing date:Oct. 28
Settlement date:Oct. 31
Agent:Barclays
Fees:3.55%
Cusip:06747NJM7

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