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Barclays plans to price capped leveraged notes linked to index basket
By Wendy Van Sickle
Columbus, Ohio, Dec. 18 – Barclays Bank plc plans to price 0% capped leveraged buffered notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes 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 notes’ tenor is expected to be between 24 and 27 months.
The payout at maturity will be par plus 1.5 times any basket gain, subject to a maximum settlement amount expected to be between $1,261.00 and $1,306.00 per $1,000 principal amount.
Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
Barclays is the agent.
The Cusip number is 06741UZ49.
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