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Barclays to price buffered SuperTrack notes due 2024 on S&P 500
By Sarah Lizee
Olympia, Wash., July 9 – Barclays Bank plc plans to price 0% buffered SuperTrack notes July 31, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus the index return.
If the index return is flat or declines by up to 25%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 25%.
Barclays is the agent.
The notes (Cusip: 06747N3W2) will price on July 26.
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