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Barclays to price 4% buffered notes linked to Russell 2000
By Sarah Lizee
Olympia, Wash., Oct. 11 – Barclays Bank plc plans to price 4% buffered notes due Oct. 18, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
If the index return is greater than or equal to negative 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline beyond 15%.
Barclays is the agent.
The notes will price on Oct. 15.
The Cusip number is 06747NM35.
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