Barclays plans buffered return optimization notes linked to Russell

By Susanna Moon

Chicago, May 3 - Barclays Bank plc plans to price 0% buffered return optimization securities due Nov. 30, 2015 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of 20% to 25%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

UBS Financial Services Inc. is the agent, and UBS Financial Services Inc. is the dealer.

The notes will price on May 28 and settle on May 31.

The Cusip number is 06742C285.

© 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.