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Barclays plans five-year buffered digital plus notes linked to Russell
By Marisa Wong
Morgantown, W.Va., June 26 – Barclays Bank plc plans to price 0% buffered digital plus notes due June 30, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is at least negative 15%, the payout at maturity will be par plus the greater of the digital return of 27% to 29% and the index return, 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 are expected to price June 27.
The Cusip number is 06741VXH0.
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