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Barclays plans 13- to 16-month digital notes linked to Russell 2000
By Susanna Moon
Chicago, May 27 – Barclays Bank plc plans to price 0% digital notes linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature between 13 and 16 months after pricing.
If the index finishes at or above the 85% barrier level, the payout at maturity will be par plus the threshold settlement amount of $1,047.50 to $1,055.50 for each $1,000 principal amount. The exact digital return will be set at pricing.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
Barclays is the agent.
The Cusip number is 06741UWW0.
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