Barclays plans buffered digital plus notes linked to Gold Miners ETF

By Marisa Wong

Madison, Wis., Aug. 6 - Barclays Bank plc plans to price 0% buffered digital plus notes due Feb. 26, 2015 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund 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 25.3% to 26.3%.

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

The notes (Cusip: 06741TB71) are expected to price on Aug. 22 and settle on Aug. 27.

Barclays is the agent.

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