Barclays to price callable buffered range accrual notes linked to Russell

By Susanna Moon

Chicago, May 3 - Barclays Bank plc plans to price callable buffered range accrual notes due Feb. 28, 2019 linked to Libor and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 6% for each day that Libor is 6% or less and the index closes at or above the 80% barrier level. Interest will be payable monthly.

The payout at maturity will be par if the index falls by up to 20%, and investors will be exposed to any losses beyond 20%.

The notes will be callable at par on any interest payment date beginning May 28, 2014.

The exact terms will be set at pricing.

The notes will price on May 28 and settle on May 31.

Barclays is the agent.

The Cusip number is 06741TUJ4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.