Barclays to price five-year digital notes linked to S&P, Russell

By Marisa Wong

Morgantown, W.Va., July 25 – Barclays Bank plc plans to price 0% digital notes due July 29, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the high digital return of 50% to 52%.

If either index falls but not below its 70% barrier level, the payout at maturity will be par plus the low digital return of 10%.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

Barclays is the agent.

The notes will price on July 26.

The Cusip number is 06741VZZ8.

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