New Issue: Barclays prices $6.22 million bearish digital plus notes linked to S&P

By Wendy Van Sickle

Columbus, Ohio, Sept. 4 – Barclays Bank plc priced $6.22 million of 0% bearish digital plus notes due March 4, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than 10%, the payout at maturity will be par minus 1% for every 1% that the index advances. If the index return is less than or equal to 10% but greater than negative 10%, the payout will be par. If the index return is less than or equal to negative 10%, the payout will be par plus 18%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Bearish digital plus notes
Underlying index:	S&P 500
Amount:	$6,222,000
Maturity:	March 4, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than 10%, par minus 1% for every 1% that index advances; if index return is less than or equal to 10% but greater than negative 10%, par; if index return is less than or equal to negative 10%, par plus 18%
Initial level:	3,500.31
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agent:	Barclays
Fees:	1.25%
Cusip:	06747QFC6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.