Barclays plans buffered digital notes due 2017 linked to Russell 2000

By Susanna Moon

Chicago, May 4 – Barclays Bank plc plans to price 0% buffered digital notes due Nov. 30, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus the digital return of 14.75% to 15.75%. The exact digital return will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

Barclays is the agent.

The notes will price on May 26 and settle on May 29.

The Cusip number is 06741UUU6.

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