Barclays plans buffered range accrual callables tied to Russell 2000

By Susanna Moon

Chicago, Nov. 21 – Barclays Bank plc plans to price callable range accrual securities due May 29, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at an annualized rate of 6.45% for each day that the index closes at or above its 80% coupon barrier, payable monthly.

The notes will be callable at par on any interest payment date beginning with 12th valuation date.

The payout at maturity will be par unless the index falls by more than 20%, in which case investors will be exposed to any losses beyond the buffer.

Barclays is the agent.

The notes will price on Nov. 27.

The Cusip number is 06746XXM0.

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