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Barclays plans to price digital notes due 2020 linked to S&P 500
By Sarah Lizee
Olympia, Wash., Feb. 26 – Barclays Bank plc plans to price 0% digital notes due June 3, 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 6.45%.
Otherwise, investors will lose 1.17647% for each 1% decline beyond 15%.
Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
The notes will price on March 1.
The Cusip number is 06747MGU4.
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