Barclays to price buffered digital notes linked to Russell 2000 index

By Jennifer Chiou

New York, Oct. 4 - Barclays Bank plc plans to price 0% buffered digital notes due Oct. 30, 2015 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, the payout at maturity will be par plus a digital percentage of 22% to 24% that will be set at pricing.

Investors will receive par if the index falls by up to 20%. If the index closes below the barrier level, 80% of the initial index level, investors will be exposed to losses beyond the buffer.

The notes (Cusip: 06741THX8) are expected to price on Oct. 29 and settle on Oct. 31.

Barclays is the agent.

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