Published on 2/28/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $401,000 buffered digital notes due 2019 tied to Russell
By Susanna Moon
Chicago, Feb. 28 – Barclays Bank plc priced $401,000 of 0% buffered digital notes due Aug. 28, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the 85% threshold level, the payout at maturity will be par plus the digital return of 16%.
Otherwise, investors will lose 1% for every 1% decline beyond the buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered digital notes
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| Underlying index: | Russell 2000
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| Amount: | $401,000
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| Maturity: | Aug. 28, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains or falls by 15% or less, par plus 16%; otherwise, 1% loss per 1% drop beyond 15%
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| Initial level: | 1,394.62
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | Barclays
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| Fees: | 3%
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| Cusip: | 06741VJR4
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