New Issue: Barclays prices $4.53 million digital notes due 2020 tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 13 – Barclays Bank plc priced $4.53 million of 0% digital notes due May 13, 2020 linked to the S&P 500 index, according to a 424B2 filed 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 digital percentage of 7.1%.

Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.

Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying index:	S&P 500
Maturity:	May 13, 2020
Amount:	$4.53 million
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 15%, par plus 7.1%; otherwise, 1.1765% loss for every 1% decline beyond 15%
Initial index level:	2,708.88
Buffer value:	2,301.70, 80% of initial index level
Pricing date:	Feb. 8
Settlement date:	Feb. 13
Agent:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1.12%
Cusip:	06747MDR4

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