Barclays to price contingent return optimization notes on Russell 2000

By Jennifer Chiou

New York, June 12 - Barclays Bank plc plans to price 0% contingent return optimization securities due Dec. 31, 2015 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

If the index finishes at or above the 75% trigger level, the payout at maturity will be par plus the greater of the 6% contingent return and any index gain, up to a maximum return of 30% to 36% that will be set at pricing.

Otherwise, investors will be fully exposed to losses from the initial index level.

The notes (Cusip: 06742D879) are expected to price on June 25 and settle on June 28.

UBS Financial Services Inc. and Barclays are the agents.

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