New Issue: Barclays sells $1 million one-year digital notes linked to SPDR S&P Oil

By Susanna Moon

Chicago, Feb. 27 – Barclays Bank plc priced $1 million of 0% digital notes due March 12, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above the 80% barrier level, the payout at maturity will be the maximum payment of $1,073.50 per $1,000 principal amount.

Otherwise, investors will be fully exposed to any losses.

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 fund:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$1 million
Maturity:	March 12, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If fund finishes at or above barrier level, par plus 7.35%; otherwise, 1.25% loss per 1% decline beyond 20%
Initial level:	$38.66
Barrier level:	$30.93, 80% of initial level
Pricing date:	Feb. 22
Settlement date:	Feb. 27
Agent:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1%
Cusip:	06741VLB6

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