New Issue: Barclays prices $855,000 digital notes due 2020 linked to S&P 500

By Sarah Lizee

Olympia, Wash., May 14 – Barclays Bank plc priced $855,000 of 0% digital notes due Aug. 12, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the buffer value, 85% of the initial index level, the payout at maturity will be par plus 6.5%. Otherwise, investors will lose 1.17647% for every 1% that the index declines beyond 15%.

Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$855,000
Maturity:	Aug. 12, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to buffer value, par plus 6.5%; otherwise, 1.17647% loss for every 1% that index declines beyond 15%
Initial level:	2,881.40
Final level:	Average of index’s closing levels on five trading days ending Aug. 7, 2020
Buffer value:	2,449.19, 85% of initial level
Pricing date:	May 10
Settlement date:	May 15
Agents:	Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.12%
Cusip:	06747MTJ5

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