Barclays plans buffered digital plus notes due 2017 linked to the Dow

By Jennifer Chiou

New York, July 10 - Barclays Bank plc plans to price 0% buffered digital plus notes due July 31, 2017 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus the greater of the gain and the to-be-set digital return of 11% to 12%.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

The notes (Cusip: 06741TYJ0) are expected to price on July 26 and settle on July 31.

Barclays is the agent.

© 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.