Barclays plans to price Accelerated Return Notes tied to Russell

By Sarah Lizee

Olympia, Wash., May 9 – Barclays Bank plc plans to price 0% Accelerated Return Notes due July 2020 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 10.5% to 14.5%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

BofA Merrill Lynch is the underwriter.

The notes will price in May and settle in June.

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