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Barclays plans capped leveraged buffered notes linked to five indexes
By Devika Patel
Knoxville, Tenn., Nov. 9 – Barclays Bank plc plans to price 23- to 26-month 0% capped leveraged buffered notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% initial weight, the FTSE 100 index with a 23% initial weight, the Topix index with a 23% initial weight, the Swiss Market index with a 9% initial weight and the S&P/ASX 200 index with an 8% initial weight.
The payout at maturity will be par plus double any basket gain, up to a maximum settlement amount that is expected to be $1,370 to $1,434 per $1,000 principal amount.
Investors will be exposed to all losses.
The exact maturity date and maximum settlement amount will be set at pricing.
Barclays is the agent.
The Cusip is 06741US88.
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