Barclays plans to price buffered digital notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., July 15 – Barclays Bank plc plans to price 0% buffered digital notes due Jan. 26, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to zero, the payout at maturity will be par plus the digital percentage, which is expected to be 16.25% to 17.25% and will be set at pricing. If the index return is less than zero but greater than or equal to negative 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Barclays is the agent.

The notes will price July 26.

The Cusip number is 06741V6A5.

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