Barclays to price digital notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., June 4 - Barclays Bank plc plans to price 0% digital notes due June 2, 2020 linked to the lower return of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the final level of the lesser performing index is greater than or equal to its barrier level, 70% of its initial level, the payout at maturity will be par plus 47.35%.

If the final level of the lesser performing index is less than its barrier level but equal to or greater than its principal barrier level, 60% of its initial level, the payout will be par.

If the final level of the lesser performing index is less than its principal barrier level, investors will receive the return of the lesser performing index.

Barclays is the agent.

The notes will price June 5 and settle June 10.

The Cusip number is 06741JS83.

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