New Issue: Barclays prices $891,000 five-year high, low digital notes on indexes

By Susanna Moon

Chicago, Aug. 1 – Barclays Bank plc priced $891,000 of 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 filing 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%.

If either index falls but finishes at or above its 70% barrier level, the payout will be par plus the low digital return of 10%.

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

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$891,000
Maturity:	July 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 50%; if either index falls by up to 70% barrier, par plus 10%; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:	2,477.83 for S&P and 1,442.28 for Russell
Barrier levels:	1,734.48 for S&P and 1,009.60 for Russell; 70% of initial levels
Pricing date:	July 26
Settlement date:	July 31
Agent:	Barclays
Fees:	4.125%
Cusip:	06741VZZ8

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