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Barclays plans to price buffered digital notes linked to Russell 2000
By Marisa Wong
Madison, Wis., Oct. 9 – Barclays Bank plc plans to price 0% buffered digital notes due Oct. 31, 2017 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 16% to 19%, 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.
Barclays is the agent.
The notes will price Oct. 29 and settle Oct. 31.
The Cusip number is 06741UKX1.
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