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Barclays to price bear Accelerated Return Notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Nov. 29 - Barclays Bank plc plans to price 0% bear Accelerated Return Notes due June 2012 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus five times the absolute value of any index decline, subject to a maximum return of 10% to 14% that will be set at pricing. Investors will receive par if the index increases by 5% or less and will lose 1% for every 1% that it increases beyond 5%.
The notes will price and settle in January.
Bank of America Merrill Lynch is the agent.
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