Barclays plans capped Leveraged Index Return Notes tied to Russell

By Toni Weeks

San Luis Obispo, Calif., Dec. 30 – Barclays Bank plc plans to price 0% capped Leveraged Index Return Notes due January 2017 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 200% of any index gain, capped at 16% to 20%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

The final index level will be the average of the closing index levels on five trading days shortly before maturity.

The securities will price and settle in January.

BofA Merrill Lynch is the agent.

© 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.