Barclays to price digital plus notes linked to financial fund, Russell

By Angela McDaniels

Tacoma, Wash., Jan. 30 – Barclays Bank plc plans to price 0% digital plus notes due Feb. 7, 2022 linked to the lesser performing of the Russell 2000 index and the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the lesser-performing reference asset is greater than or equal to its barrier level, 50% of its initial level, the payout at maturity will be par plus the greater of the digital percentage and the return of the lesser-performing reference asset. The digital percentage is expected to be 22% to 24% and will be set at pricing.

If the final level of the lesser-performing reference asset is less than its barrier level, investors will lose 1% for every 1% that the lesser-performing reference asset declines from its initial level.

Barclays is the agent.

The notes will price Feb. 2.

The Cusip number is 06741VJ60.

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