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Barclays plans uncapped barrier notes linked to Stoxx Europe 600 index
By Marisa Wong
Morgantown, W.Va., Jan. 18 – Barclays Bank plc plans to price 0% notes due July 25, 2018 linked to the Stoxx Europe 600 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
If the index finishes at or below the initial level but at or above the 71.6% barrier level, the payout will be par.
If the index finishes below 71.6% of the initial level, investors will lose 1% for every 1% decline below the initial level.
Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
The notes will price Jan. 20.
The Cusip number is 06741VHK1.
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