Barclays plans to price capped buffered notes tied to Russell 2000 index

By Emma Trincal

New York, Dec. 17 – Barclays Bank plc plans to price 0% capped buffered notes due Jan. 21, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the index, up to a maximum payout of par plus 10%.

Investors will receive par if the index falls by up to 24.25% and will lose 1% each 1% decline beyond the 24.25% buffer.

The final underlying value will be the average of the closing levels on Jan. 11, 2022, Jan. 12, 2022, Jan. 13, 2022, Jan 14, 2022 and Jan. 18, 2022.

.JP. Morgan Securities LLC and JPMorgan Chase Bank, N.A. are the agents.

The notes were expected to price on Dec. 17 and to settle on Dec. 22.

The Cusip number is 06747QTK3.

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