Barclays plans to price buffered digital notes linked to Russell 2000

By Marisa Wong

Madison, Wis., Dec. 16 - Barclays Bank plc plans to price 0% buffered digital notes linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature between 15 and 17 months after the pricing date.

If the index return is zero or positive, the payout at maturity will be the maximum settlement amount of $1,058.50 to $1,078.50 per $1,000 principal amount.

Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% decline beyond the 15% buffer.

Barclays is the agent.

The Cusip number is 06741T3N5.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.