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Barclays plans contingent minimum return notes linked to Stoxx Europe
By Angela McDaniels
Tacoma, Wash., June 14 – Barclays Bank plc plans to price 0% notes due June 20, 2018 linked to the Stoxx Europe 600 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the buffer level, 90% of the initial index level, the payout at maturity will be par plus the greater of the index return and 12.8%, subject to a maximum return of 25%. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
The final index level will be the average of the index’s closing levels on the five trading days ending June 30, 2018.
Barclays and J.P. Morgan Securities LLC are the agents.
The notes will price June 17.
The Cusip number is 06741V5F5.
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