Barclays to price leveraged buffered notes linked to S&P 500 index

By Susanna Moon

Chicago, Dec. 6 - Barclays Bank plc plans to price 0% leveraged buffered index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature between 21 and 24 months after pricing.

The payout at maturity will be par plus 1.2 times any index gain, up to a maximum settlement amount of $1,166.80 to $1,190.80 for each $1,000 face amount.

Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.

Barclays is the underwriter.

The Cusip is 06741T2T3.

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