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Barclays plans five-year buffered digital plus notes tied to Russell 2000
By Susanna Moon
Chicago, Oct. 16 – Barclays Bank plc plans to price 0% buffered digital plus notes due Oct. 31, 2022 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above the 85% threshold, the payout at maturity will be par plus the greater of the digital return of 19% to 21% and any index gain up to a maximum return of 50%.
Otherwise, investors will lose 1% for each 1% decline beyond 15%.
Barclays is the agent.
The notes will price on Oct. 26.
The Cusip number is 06744C6B2.
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