New Issue: Barclays prices $550,000 digital notes linked to three stocks

By Wendy Van Sickle

Columbus, Ohio, Jan. 30 – Barclays Bank plc priced $550,000 of 0% digital notes due April 29, 2020 linked to the least performing of the American depositary shares of Vale SA, Petroleo Brasileiro SA and Itau Unibanco Holding SA, according to a 424B2 filing with the Securities and Exchange Commission.

If the least-performing stock return is greater than or equal to its initial level, the payout at maturity will be par plus 19.4%. Otherwise, investors will lose 1% for each 1% that the least-performing stock declines from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying stocks:	Vale SA, Petroleo Brasileiro SA and Itau Unibanco Holding SA
Amount:	$550,000
Maturity:	April 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If least-performing stock return is greater than or equal to initial level, par plus 19.4%; otherwise, 1% loss for each 1% that least-performing stock declines from initial level
Initial levels:	$13.30 for Vale, $14.91 for Petrobras, $8.21 for Itau
Pricing date:	Jan. 24
Settlement date:	Jan. 29
Agent:	Barclays
Fees:	1%
Cusip:	06747P4N6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.