New Issue: Barclays prices $5 million digital notes tied to S&P 500, Russell 2000

By Marisa Wong

Madison, Wis., May 5 – Barclays Bank plc priced $5 million of digital notes due June 3, 2016 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the 7.475% digital return if the lesser-performing index finishes at or above 85% of its initial level.

If the lesser-performing index finishes below the 85% coupon barrier level but at or above the 75% principal barrier level, the payout will be par.

If the lesser-performing index finishes below the 75% principal barrier level, investors will be fully exposed to the decline of the lesser-performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$5 million
Maturity:	June 3, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser-performing index finishes at or above coupon barrier level, par plus 7.475%; if lesser-performing index finishes below coupon barrier level but at or above principal barrier level, par; otherwise, full exposure to decline of lesser-performing index
Initial index levels:	2,106.85 for S&P and 1,246.96 for Russell
Coupon barrier levels:	1,790.82 for S&P and 1,059.92 for Russell, 85% of initial levels
Principal barrier levels:	1,580.14 for S&P and 935.22 for Russell, 75% of initial levels
Pricing date:	April 30
Settlement date:	May 5
Agent:	Barclays
Fees:	0.875%
Cusip:	06741UVN1

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