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Barclays plans buffered Super Track digital notes tied to Russell 2000
By Angela McDaniels
Tacoma, Wash., Oct. 4 - Barclays Bank plc plans to price 0% buffered Super Track digital notes due Nov. 1, 2011 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus a fixed payment that is expected to be 10% to 15% and will be set at pricing.
If the index declines by 30% or less, the payout will be par.
If the index declines by more than 30%, investors will be fully exposed to the decline from the initial level.
The notes (Cusip 06740PUU8) will price Oct. 26 and settle Oct. 29.
Barclays Capital Inc. is the agent.
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