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Barclays eyes Accelerated Return Notes on basket of technology stocks
By Emma Trincal
New York, Sept. 11 – Barclays Bank plc plans to price 0% Accelerated Return Notes due November 2021 linked to an equally-weighted basket consisting of the common stocks of Facebook Inc., Amazon.com, Inc., Apple, Inc., Netflix Inc. and Alphabet, Inc.
The payout at maturity will be par of $10 plus 300% of any basket gain, subject to a maximum return of 27% to 31%. The exact maximum return amount will be set at pricing.
Investors will be exposed to any basket decline.
BofA Securities, Inc. is the underwriter.
The notes will price in September and settle in October.
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