Barclays plans trigger digital notes due 2019 tied to 10-year ICE swap

By Susanna Moon

Chicago, June 7 – Barclays Bank plc plans to price 0% trigger digital notes due Dec. 17, 2019 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

If the swap rate finishes at or above its initial value, the payout at maturity will be par plus a digital return of between 12% and 14%.

If the rate falls but finishes at or above the 80% downside threshold, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on June 12.

The Cusip number is 06746XE74.

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