Barclays plans buffered annual reset coupon notes linked to Russell

By Tali Rackner

Norfolk, Va., May 5 – Barclays Bank plc plans to price buffered annual reset coupon notes due May 31, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be the maximum digital rate of 4.5% to 5.5% if the index gains or stays flat for that year. Otherwise, the coupon will be the minimum digital rate of 1%. The return will be measured from its level a year earlier. Interest is payable annually, with the exact rates to be set at pricing.

The payout at maturity will be par unless the index finishes below the 80% buffer level, in which case investors will lose 1% for each 1% decline beyond 20%.

Barclays is the agent.

The notes will price on May 25 and settle on May 31.

The Cusip number is 06741V2R2.

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