Barclays to sell market-linked notes with leveraged upside on Russell

By Devika Patel

Knoxville, Tenn., Sept. 28 – Barclays Bank plc plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 4, 2021 linked to the Russell 2000 index, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 130% of any index gain, up to a maximum payout of 36% to 41%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

Wells Fargo Securities, LLC and Barclays are the agents.

The notes (Cusip: 06744C3P4) will price on Sept. 29 and settle on Oct. 4.

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