Published on 4/18/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.39 million buffered digital notes tied to Russell 2000
By Susanna Moon
Chicago, April 18 – Barclays Bank plc priced $3.39 million of 0% buffered digital notes due Oct. 2, 2019 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above its 90% barrier level, the payout at maturity will be par plus 14.5%.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
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: | $3,386,000
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| Maturity: | Oct. 2, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is at least negative 10%, par plus 14.5%; otherwise, 1% loss for every 1% decline beyond 10%
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| Initial index level: | 1,557.33
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| Pricing date: | April 12
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| Settlement date: | April 17
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| Agent: | Barclays
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| Fees: | 0.5%
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| Cusip: | 06746X5Z2
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