New Issue: Barclays prices $3.79 million buffered digital notes linked to S&P 500

By Sarah Lizee

Olympia, Wash., July 16 – Barclays Bank plc priced $3.79 million of 0% buffered digital notes Jan. 8, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be the maximum settlement amount, $1,122.50 per $1,000 principal amount.

If the index return is negative but not below negative 10%, the payout will be par.

If the index return is below negative 10%, investors will lose 1% for every 1% that the index declines beyond 10%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered digital notes
Underlying asset:	S&P 500 index
Amount:	$3,793,000
Maturity:	Jan. 8, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or positive, $1,122.50 per $1,000 principal amount; if index return is negative but not below negative 10%, par; if index return is below negative 10%, 1% loss for every 1% decline beyond 10%
Initial level:	2,798.29
Pricing date:	July 12
Settlement date:	July 16
Agent:	Barclays
Fees:	0.4%
Cusip:	06746XJJ3

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