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Barclays to price buffered dual directional notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., May 9 – Barclays Bank plc plans to price 0% dual directional notes due Nov. 30, 2021 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.18 to 1.23 any gain in the lesser performing index.
If the lesser performing index falls by up to 15%, the payout will be par plus the absolute value of the return of that index.
Investors will lose 1% for every 1% decline of the lesser performing index beyond 15%.
Barclays is the agent.
The notes will price on May 31.
The Cusip number is 06747MQV1.
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