New Issue: Barclays prices $610,000 digital notes due 2020 linked to Petrobras

By Kiku Steinfeld

Chicago, Aug. 7 – Barclays Bank plc priced $610,000 of 0% digital notes due July 29, 2020 linked to the American Depositary Shares of Petroleo Brasileiro SA (Petrobras), according to a 424B2 filing with the Securities and Exchange Commission.

If the stock closes at or above its initial share price, the payout at maturity will be the digital return of par plus 27%. Otherwise, investors will be fully exposed to the losses of the stock.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying asset:	Petroleo Brasileiro SA (Petrobras)
Amount:	$610,000
Maturity:	July 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If stock closes at or above its initial share price, par plus 27%; otherwise, full exposure to losses
Initial share price:	$16.07
Pricing date:	July 25
Settlement date:	July 30
Agent:	Barclays Bank plc
Fees:	0.85%
Cusip:	06747NA38

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