Barclays plans trigger digital notes linked to 10-year ICE swap rate

By Marisa Wong

Morgantown, W.Va., April 30 – Barclays Bank plc plans to price 0% trigger digital notes due May 6, 2020 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

If the swap rate finishes at or above its initial value, the payout at maturity will be par plus 17% to 19%.

If the rate falls but finishes at or above the 80% downside threshold, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on May 1.

The Cusip number is 06746XBC6.

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