Barclays to price callable buffered securities linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., July 13 – Barclays Bank plc plans to price 0% callable buffered securities due July 25, 2018 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be callable on July 24, 2017. The early redemption payment is expected to be at least $12 per $10 principal amount of notes and will be set at pricing.

If the notes are not called and the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. Investors will receive par if the index declines by 9% or less and will lose 1% for every 1% that it declines beyond 9%.

Barclays is the agent. Morgan Stanley Wealth Management is a dealer.

The notes will price July 20 and settle July 23.

The Cusip number is 06743Q119.

© 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.