New Issue: Barclays sells $2.2 million trigger digital notes on 10-year ICE swap

By Susanna Moon

Chicago, June 15 – Barclays Bank plc priced $2.2 million of 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 13.4%.

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.

Issuer:	Barclays Bank plc
Issue:	Trigger digital notes
Underlying rate:	10-year U.S. dollar ICE swap rate
Amount:	$2,201,000
Maturity:	Dec. 17, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If the swap rate finishes at or above its initial level, par plus 13.4%; if the rate falls by up to the 20%, par; otherwise, full exposure to any losses
Initial rate:	3.024%
Downside threshold:	2.4192%, 80% of initial rate
Pricing date:	June 12
Settlement date:	June 15
Agents:	UBS Financial Services Inc. and Barclays
Fees:	2%
Cusip:	06746XE74

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