New Issue: Barclays sells $2.24 million digital notes linked to S&P 500

By Taylor Fox

New York, Jan. 25 – Barclays Bank plc priced $2.24 million of 0% digital notes due June 29, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the buffer value, 80% of the initial index level, the payout at maturity will be par plus the digital return of 4.1%.

If the final index level is less than the buffer value, investors will lose 1.25% for every 1% index decline beyond 20%.

Barclays is the agent, with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$2,241,000
Maturity:	June 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 4.1% unless index falls by more than 20%, in which case 1.25% loss for every 1% index decline beyond 20%
Initial level:	3,703.06
Buffer value:	2,962.45, 80% of initial index level
Final level:	Average of index closing levels on five trading days ending June 24, 2022
Pricing date:	Dec. 24
Settlement date:	Dec. 30
Agents:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1.25%
Cusip:	06747QSD0

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