New Issue: Barclays sells $428,000 buffered digital plus notes tied to S&P 500

By Sarah Lizee

Olympia, Wash., June 28 – Barclays Bank plc priced $428,000 of 0% buffered digital plus notes due June 29, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 85% threshold level, the payout at maturity will be par plus the greater of the return up to a maximum return of 50% and the digital percentage of 25%.

Otherwise, investors will lose 1% for every 1% index decline beyond the 15% buffer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered digital plus notes
Underlying asset:	S&P 500 index
Amount:	$428,000
Maturity:	June 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 85% threshold level, par plus the greater of the return up to a maximum return of 50% and the digital percentage of 25%; 1% loss for every 1% index decline beyond 15%
Initial level:	2,723.06
Pricing date:	June 26
Settlement date:	June 29
Agent:	Barclays
Fees:	3.3%
Cusip:	06746XDM2

© 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.