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Barclays plans five-year leverage notes with 95% floor on indexes
By Susanna Moon
Chicago, Aug. 23 – Barclays Bank plc plans to price 0% notes due Aug. 31, 2023 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above is initial level, the payout at maturity will be par plus 1.5 times the gain of the worse performing index up to a maximum return of 42.3%.
If either index falls, the payout will be par plus the return of the worse performing index with a minimum payout of $950 per $1,000 principal amount.
Barclays is the agent.
The notes will price on Aug. 28.
The Cusip number is 06746XME0.
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