New Issue: Barclays prices $1.5 million 10% digital notes linked to Russell 2000

By Marisa Wong

Madison, Wis., Feb. 25 - Barclays Bank plc priced $1.5 million of digital notes due Feb. 26, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the initial level on an annual observation date, interest will be equal to a digital coupon of 10%. Interest is payable annually.

If the final index level is at least 50% of the initial level, the payout at maturity will be par. Otherwise, the payout will be par plus the index return.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying index:	Russell 2000
Amount:	$1.5 million
Maturity:	Feb. 26, 2016
Coupon:	If index closes at or above initial level on an annual observation date, 10%; payable annually
Price:	Par
Payout at maturity:	If final level is at least 50% of initial level, par; otherwise, par plus index return
Initial level:	799.65
Barrier level:	399.83, 50% of initial level
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	Barclays Capital Inc.
Fees:	3%
Cusip:	06738KAK7

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