Barclays plans to price capped buffer gears due 2020 tied to Russell

By Sarah Lizee

Olympia, Wash., Aug. 31 – Barclays Bank plc plans to price 0% capped buffer gears due March 31, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum return of 14.3% to 16.3%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on Sept. 25 and settle on Sept. 28.

The Cusip number is 06746U646.

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