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Published on 9/28/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $1.09 million buffered digital plus notes linked to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Sept. 28 – Barclays Bank plc priced $1.09 million of 0% buffered digital plus notes due Sept. 29, 2022 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is at least negative 15%, the payout at maturity will be par plus the greater 20% and the index return, capped at 50%.

If the index return is less than negative 15%, investors will lose 1% for every 1% decline beyond 15%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered digital plus notes
Underlying index:Russell 2000
Amount:$1,091,000
Maturity:Sept. 29, 2022
Coupon:0%
Price:Par of $1,000
Payout at maturity:If the index return is at least negative 15%, par plus greater of 20% and index return, capped at 50%; otherwise, investors will lose 1% for every 1% decline beyond 15%
Initial index level:1,456.863
Pricing date:Sept. 26
Settlement date:Sept. 29
Agent:Barclays
Fees:3.25%
Cusip:06744C2B6

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