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Published on 6/21/2021 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $3.85 million buffered digital notes tied to Russell 2000

By William Gullotti

Buffalo, N.Y., June 21 – Barclays Bank plc priced $3.85 million of 0% buffered digital notes due Nov. 18, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 90% of its initial level, the payout at maturity will be par plus 8.45%.

Otherwise, investors will lose 1% for every 1% index decline beyond 10%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered digital notes
Underlying index:Russell 2000 index
Amount:$3,849,000
Maturity:Nov. 18, 2022
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above 90% of its initial level, par plus 8.45%; otherwise, 1% loss for every 1% index decline beyond 10% buffer
Initial level:2,310.22
Buffer level:2,079.2; 90% of initial level
Pricing date:June 15
Settlement date:June 18
Agent:Barclays
Fees:0.25%
Cusip:06748EXK4

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