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Barclays plans to price PLUS due 2017 linked to Russell 2000 index
By Wendy Van Sickle
Columbus, Ohio, July 1 – Barclays Bank plc plans to price Performance Leveraged Upside Securities due Nov. 3, 2017 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum redemption amount that is expected to be at least $11.83 and will be set at pricing.
Investors will be fully exposed to any index decline.
Barclays is the agent with Morgan Stanley Wealth Management handling distribution.
The notes are expected to price on July 15 and settle on July 20.
The Cusip number is 06744K145.
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