New Issue: Barclays prices $545,000 barrier digital notes linked to Square stock

By Angela McDaniels

Tacoma, Wash., Feb. 28 – Barclays Bank plc priced $545,000 of 0% barrier digital notes due Aug. 27, 2020 linked to the class A common stock of Square, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the upper barrier value, 80% of the initial share price, the payout at maturity will be par plus 21.4%.

If the final share price is less than the upper barrier value but greater than or equal to the lower barrier value, 55% of the initial share price, the payout will be par.

If the final share price is less than the lower barrier value, investors will lose 1% for every 1% that the stock declines from the initial share price.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Barrier digital notes
Underlying:	Square, Inc. (Symbol: SQ)
Amount:	$545,000
Maturity:	Aug. 27, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is greater than or equal to upper barrier value, par plus 21.4%; if final share price is less than upper barrier value but greater than or equal to lower barrier value, par; if final share price is less than lower barrier value, 1% loss for every 1% that stock declines from initial share price
Initial share price:	$77.95
Upper barrier value:	$62.36, 80% of initial share price
Lower barrier value:	$42.87, 55% of initial share price
Pricing date:	Feb. 26
Settlement date:	March 1
Agent:	Barclays
Fees:	2.375%
Cusip:	06747MEV4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.