Barclays plans five-year buffered digital plus notes linked to Russell

By Susanna Moon

Chicago, May 12 – Barclays Bank plc plans to price 0% buffered digital plus notes due May 31, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 85% threshold level, the payout at maturity will be par plus the greater of the fixed payment of 25% to 27% and any index gain up to a maximum return of 50%. The exact digital return will be set at pricing.

Otherwise, investors will lose 1% for each 1% decline beyond 15%.

Barclays is the agent.

The notes will price on May 25.

The Cusip number is 06741VTF9.

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