Barclays plans to price one-year digital notes linked to Facebook

By Angela McDaniels

Tacoma, Wash., March 14 – Barclays Bank plc plans to price 0% digital notes due April 1, 2020 linked to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the buffer value, 85% of the initial share price, the payout at maturity will be par plus 9.85%.

If the final share price is less than the buffer value, the payout will be a number of shares of Facebook stock equal to $1,000 divided by the buffer value.

Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

The notes will price March 15.

The Cusip number is 06741WEV8.

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