Barclays plans 14-month Accelerated Return Notes tied to Russell 2000

By Tali Rackner

Norfolk, Va., Dec. 24 – Barclays Bank plc plans to price 0% Accelerated Return Notes due March 2017 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus three times the return, subject to a maximum return that is expected to be 13% to 17% and will be set at pricing.

Investors will lose 1% for every 1% decline in the index.

Barclays is the agent.

The notes will price in January and settle in February.

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