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Barclays plans capped trigger gears due 2020 linked to Euro Stoxx 50
By Lisa Mayntz
Chicago, Feb. 23 – Barclays Bank plc plans to price capped trigger gears due Feb. 28, 2020 linked to the Euro Stoxx 50 index, according to a FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum gain of between 70% and 73%, with the exact maximum gain to be set at pricing.
Investors will receive par if the index falls by up to 70% and will be fully exposed to any losses if the index finishes below the 70% downside threshold.
Barclays is the agent.
The notes will price on Feb. 24 and settle on Feb. 28.
The Cusip number is 06744M240.
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