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Barclays to price contingent barrier notes linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., April 2 – Barclays Bank plc plans to price 0% contingent barrier notes due Oct. 7, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. Investors will receive par if the index declines by 17.7% or less. If the index declines by more than 17.7%, investors will be exposed to the index’s decline from its initial level.
Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price April 5.
The Cusip number is 06747MNB8.
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