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Barclays to price contingent buffered notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Aug. 10 – Barclays Bank plc plans to price 0% contingent buffered notes due Feb. 13, 2019 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus the index return.
If the index declines but finishes at or above the 85.75% barrier level, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
The notes will price on Aug. 11.
The Cusip number is 06744CGM7.
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