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Barclays to price digital notes due 2018 linked to the S&P 500 index
By Tali Rackner
Norfolk, Va., Feb. 14 – Barclays Bank plc plans to price 0% digital notes due May 23, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the 85% barrier level, the payout at maturity will be par of $1,000 plus the digital return of 7.4%.
Otherwise, investors will lose 1% for each 1% decline beyond 15%.
Barclays is the agent.
The notes will price on Feb. 17 and settle on Feb. 23.
The Cusip number is 06741VKU5.
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