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Barclays plans SuperTrack notes linked to basket of S&P, Russell
By Sarah Lizee
Olympia, Wash., Nov. 12 – Barclays Bank plc plans to price 0% SuperTrack notes due Nov. 20, 2023 linked to a basket of the S&P 500 index with a 75% weight and the Russell 2000 index with a 25% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the basket is positive, the payout at maturity will be par plus 1.2 to 1.25 times the return.
If the basket falls by up to 25%, the payout will be par.
If the basket declines by more than 25%, investors will lose 1% for each 1% decline beyond the buffer.
Barclays is the agent.
The notes will price Nov. 15.
The Cusip number is 06746XXK4.
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