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Barclays plans buffered digital notes due 2015 linked to Russell 2000
By Susanna Moon
Chicago, Nov. 9 - Barclays Bank plc plans to price 0% buffered digital notes due Nov. 30, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus a digital return of 22% to 24%.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
Barclays is the agent.
The notes will price on Nov. 28 and settle on Nov. 30.
The Cusip number is 06741TKL0.
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