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Barclays to price buffered Super Track notes linked to Russell 2000
By Jennifer Chiou
New York, Nov. 5 - Barclays Bank plc plans to price 0% buffered Super Track notes due May 26, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index gain, subject to a maximum return of 15.85% to 17.5%.
If the index finishes flat or falls by up to 15%, the payout will be par.
If the index declines by more than 15%, investors will lose 1% for every 1% decline beyond the buffer.
The notes (Cusip: 06741TW60) are expected to price on Nov. 21 and settle on Nov. 26.
Barclays is the agent.
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