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Barclays plans to price barrier digital notes due 2022 tied to S&P
By Sarah Lizee
Olympia, Wash., Oct. 12 – Barclays Bank plc plans to price 0% barrier digital notes due Nov. 15, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the digital percentage of 28% to 30% and the return.
If the index declines by up to the barrier level, which is 70% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
Barclays is the agent.
The notes (Cusip: 06746XUK7) will price Nov. 9 and settle Nov. 15.
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