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Published on 7/15/2022 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $932,000 buffered digital notes tied to Russell 2000

By Kiku Steinfeld

Chicago, July 15 – Barclays Bank plc priced $932,000 of 0% buffered digital notes due Dec. 31, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus 13.75%.

Otherwise, investors will lose 1% for every 1% index decline beyond 15%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered digital notes
Underlying index:Russell 2000 index
Amount:$932,000
Maturity:Dec. 31, 2024
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above 85% of its initial level, par plus 13.75%; otherwise, 1% loss for every 1% index decline beyond 15% buffer
Initial level:2,246.51
Buffer level:1,909.53; 85% of initial level
Pricing date:Dec. 28
Settlement date:Dec. 31
Agent:Barclays
Fees:2.9%
Cusip:06748WVS9

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