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Barclays plans two-year capped buffer gears linked to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., Aug. 30 – Barclays Bank plc plans to price 0% capped buffer gears due Sept. 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 30% to 32%.
Investors will receive par if the index falls by up to 15% 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. 26 and settle on Sept. 28.
The Cusip number is 06746U620.
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