Barclays to price buffered digital plus notes linked to S&P 500

By Sarah Lizee

Olympia, Wash., Nov. 22 – Barclays Bank plc plans to price 0% buffered digital plus notes due Nov. 29, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to zero, the payout at maturity will be par plus the greater of the digital percentage and the index return. The digital percentage will be set at pricing and will be between 18.5% and 19.5%.

If the index return is less than zero but greater than or equal to negative 15%, the payout will be par.

If the index return is less than negative 15%, investors will lose 1% for every 1% that the index declines beyond 15%.

Barclays is the agent.

The notes will price Nov. 25.

The Cusip number is 06747NNP5.

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