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Barclays to price buffered SuperTrack notes due 2024 on S&P 500
By Wendy Van Sickle
Columbus, Ohio, July 23 – 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 1.02 times the index return.
If the index return is flat or declines by up to 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 30%.
Barclays is the agent.
The notes (Cusip: 06747N7H1) will price on July 29.
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