Barclays plans Capped Leveraged Index Return Notes tied to Russell

By Sarah Lizee

Olympia, Wash., Feb. 25 – Barclays Bank plc plans to price 0% Capped Leveraged Index Return Notes due in March 2021 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 15% to 19%.

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

BofA Merrill Lynch is the agent.

The notes will price in March and settle in April.

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