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Barclays to price buffered digital plus notes linked to the Dow
By Jennifer Chiou
New York, Oct. 4 - Barclays Bank plc plans to price 0% buffered digital plus notes due Oct. 31, 2016 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or greater, the payout at maturity will be par plus the greater of the digital percentage and the index return. The digital percentage is expected to be 12% to 14% and will be set at pricing.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% that it declines beyond 20%.
The notes (Cusip: 06741THY6) will price on Oct. 29 and settle on Oct. 31.
Barclays is the agent.
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