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Barclays plans PLUS due 2018 with 17.55% cap linked to Russell 2000
By Susanna Moon
Chicago, Oct. 13 – Barclays Bank plc plans to price Performance Leveraged Upside Securities due Feb. 5, 2018 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, up to a maximum return of at least 17.55%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
Barclays is the underwriter with Morgan Stanley Wealth Management as dealer.
The notes will price on Oct. 31 and settle on Nov. 3.
The Cusip number is 06744M802.
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