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Barclays plans two-year capped buffer gears linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 22 – Barclays Bank plc plans to price 0% capped buffer gears due Feb. 28, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus two times the index return, subject to a maximum gain of 15.5% to 18.5%.
If the index finishes at or below the initial level but at or above the downside threshold, 90% of the initial level, the payout will be par.
Otherwise, investors will be exposed to losses beyond 10%.
Barclays and UBS Financial Services Inc. are the agents.
The notes will price on Feb. 23.
The Cusip number is 06744M257.
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