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Barclays plans capped leveraged notes tied to basket of two indexes
By Wendy Van Sickle
Columbus, Ohio, June 24 – Barclays Bank plc plans to price 18- to 21-month 0% capped leveraged notes linked to an equally weighted basket of the Euro Stoxx 50 index and the FTSE 100 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the basket return is positive, the payout at maturity will be par plus 2.36 times to 2.46 times the return, subject to a maximum settlement amount that is expected to be $1,283.20 to $1,295.20 for each $1,000 principal amount of notes. The exact upside participation rate and cap will be set at pricing.
Investors will be fully exposed to any decline in the basket.
Barclays is the agent.
The Cusip number is 06741V5Q1.
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