Barclays to price digital notes on iShares EM, Hang Seng China

By Toni Weeks

San Luis Obispo, Calif., May 2 - Barclays Bank plc plans to price 0% digital notes due Dec. 4, 2014 linked to the iShares Emerging Markets index fund and the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing component closes at or above its barrier value, 80% of the initial value, on the Dec. 1, 2014 final valuation date, the payout at maturity will be par plus a digital percentage of 13.5% to 16.5% that will be set at pricing.

If the lesser-performing component closes below the barrier value, investors will be fully exposed to losses from the initial index level.

The notes (Cusip: 06741TUS4) are expected to price May 28 and settle May 31.

Barclays is the agent.

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