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Barclays plans to price buffered digital notes linked to Russell 2000
By Marisa Wong
Madison, Wis., Feb. 5 - Barclays Bank plc plans to price 0% buffered digital notes due Feb. 29, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to zero, the payout at maturity will be par plus the digital percentage, which will be 17.5% to 20.5% and will be set at pricing.
If the index return is less than zero and greater than or equal to negative 20%, the payout will be par.
If the index return is less than negative 20%, investors will lose 1% for every 1% that the index declines beyond 20%.
The notes will price Feb. 26 and settle Feb. 28.
Barclays is the agent.
The Cusip number is 06741TNP8.
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