Barclays plans buffered digital notes linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., March 8 – Barclays Bank plc plans to price 0% buffered digital notes due Sept. 13, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par plus 13.25% to 14%. The exact digital return will be set at pricing.

If the index falls by up to 10%, the payout will be par.

If the index falls by more than 10%, investors will lose 1% for every 1% decline beyond the buffer.

Barclays is the agent.

The notes will price on March 9.

The Cusip number is 06741VNH1.

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