Barclays plans to price buffered digital notes linked to Russell 2000

By Toni Weeks

San Luis Obispo, Calif., March 6 - Barclays Bank plc plans to price 0% buffered digital notes due March 31, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par plus a digital percentage of 17% to 18%, with the exact percentage to be set at pricing.

Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond the 20% buffer.

The notes (Cusip: 06741TQK6) are expected to price March 26 and settle March 28.

Barclays is the agent.

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