New Issue: Barclays prices $9.99 million digital notes due 2018 linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Oct. 11 – Barclays Bank plc priced $9.99 million of 0% digital notes due Jan. 8, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is at least negative 10%, the payout at maturity will be the maximum settlement amount of $1,089 for each $1,000 principal amount.

Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$9,988,000
Maturity:	Jan. 8, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above barrier level, par plus 8.9%; otherwise, 1.1111% loss for each 1% decline beyond 10%
Initial level:	2,159.73
Barrier level:	90% of initial level
Pricing date:	Oct. 5
Settlement date:	Oct. 13
Agent:	Barclays
Fees:	None
Cusip:	06741VC83

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