New Issue: Barclays sells $10.44 million trigger digital notes on 10-year ICE swap rate

By Marisa Wong

Morgantown, W.Va., Feb. 7 – Barclays Bank plc priced $10,441,000 of 0% trigger digital notes due Feb. 4, 2021 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 level, the payout at maturity will be par plus 25%.

If the rate falls by up to the 20%, the payout will be par. If the rate finishes below the 80% downside threshold, investors will be fully exposed to any losses.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger digital notes
Underlying rate:	10-year U.S. dollar ICE swap rate
Amount:	$10,441,000
Maturity:	Feb. 4, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the swap rate finishes at or above its initial level, par plus 25%; if the rate falls by up to the 20%, par; otherwise, full exposure to any losses
Initial rate:	2.734%
Downside threshold:	2.1872%, 80% of initial rate
Pricing date:	Jan. 30
Settlement date:	Feb. 2
Agents:	UBS Financial Services Inc. and Barclays
Fees:	2%
Cusip:	06744CST9

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