New Issue: Barclays prices $2.2 million buffered digital plus notes linked to three indexes

By Wendy Van Sickle

Columbus, Ohio, Feb. 10 – Barclays Bank plc priced $2.2 million of 0% buffered digital plus notes due Feb. 10, 2028 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the least performing index is greater than or equal to negative 20%, the payout at maturity will be par plus the greater of 50% and the least performing index return. Otherwise, investors will lose 1.25% for every 1% that the least performing index declines beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered digital plus notes
Underlying indexes:	Dow Jones industrial average, Russell 2000 index, Nasdaq-100 index
Amount:	$2.2 million
Maturity:	Feb. 10, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If least performing index return is greater than or equal to negative 20%, par plus greater of least performing index return and 50%; otherwise, 1.25% loss for every 1% that least performing index declines beyond 20%
Initial index levels:	34,156.69 for Dow, 1,972.609 for Russell, 12,728.27 for Nasdaq
Buffer levels:	27,325.35 for Dow, 1,578.09 for Russell, 10,182.62 for Nasdaq; 80% of initial levels
Pricing date:	Feb. 7
Settlement date:	Feb. 10
Agent:	Barclays
Fees:	0.75%
Cusip:	06749NKE1

© 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.